Will my sales tax be reimbursed for my online trade-in?
I am assuming that I had to pay taxes on full price of new phone because my trade-in will need to be received by Apple for review. Then and only then once old phone is fully accepted, they will pay me for the determined trade-in price, in addition to the sales tax.
According to Florida Law:
12A-1.074 Trade-Ins
(1) Where used articles of tangible personal property, accepted and intended for resale, are taken in trade, or a series of trades, as a credit or part payment on the sale of new articles of tangible personal property, the tax levied by Chapter 212, F.S., shall be paid on the sales price of the new article of tangible personal property, less credit for the used article of tangible personal property taken in trade. A separate or independent sale of tangible personal property is not a trade-in, even if the proceeds from the sale are immediately applied by the seller to a purchase of new articles of tangible personal property.
iPhone 15 Pro Max, iOS 18
