Tennessee
What is the trade-in credit allowed for Tennessee?
For Tennessee, trade-in credit allowed is full credit, recorded from its source on 2026-08-20.
When an item of tangible personal property is taken in trade as a credit or partial payment on the sale of new or used items, the sales and use tax is computed and paid on the net difference between the sales price of the new or used item sold and any credit actually given for the used item accepted in trade.
— tn.gov, retrieved 2026-08-20
- State
- Tennessee our reading
- Trade-in credit allowed
- full credit our reading
Values marked our reading are our classification of what the source says — the source does not print them in those words. The quote below is the evidence for each one; judge it yourself.
Source
- tn.govhttps://www.tn.gov/content/dam/tn/revenue/documents/tax_manuals/june-2025/auto-dealership-manual.pdf