Ariz. Admin. Code § R15-5-132 - Retail Sales with Trade-ins
A.
When a retailer accepts tangible personal property as a trade-in for part or
full payment on the sale of tangible personal property, the dollar amount of
the payment represented by the trade-in is deductible from the retailer's gross
receipts from that sale.
B. A
trade-in deduction shall be limited to the amount of the retailer's gross
receipts on that sale.
C. When the
property traded in is subsequently sold at retail, the gross receipts from the
transaction are taxable.
Notes
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