I own 3 acres of land that I built a house on . I would like to know if I can take the price of the ATV off my property taxes
2007-01-21 11:36:55 · 4 answers · asked by Shawn K 1 in Business & Finance ➔ Taxes ➔ United States
To my knowledge, the only way you can write an atv off is to show you are working it on a farm!
2007-01-21 11:40:56 · answer #1 · answered by cool_jj334 2 · 1⤊ 0⤋
the atv if anything would devalue you property from erosion effects and tore up land. other than that your atv will not actually change the value of the property and house.
2007-01-21 19:40:54 · answer #2 · answered by gsschulte 6 · 0⤊ 0⤋
For your federal income tax return, If you itemize, you can choose to deduct you state and local income taxes or general sales tax. If you choose to deduct general sales tax, you would use Pub 600 to figure your deduction based on your spendable income. To this amount, you may add the sales tax of the vehicle purchased in 2006. Deduct the total if it is greater than the state and local taxes.
2007-01-21 19:50:03 · answer #3 · answered by ninasgramma 7 · 0⤊ 0⤋
No you can't - come on, you didn't really expect a different answer, did you?
2007-01-21 19:46:13 · answer #4 · answered by Judy 7 · 0⤊ 0⤋