Can I deduct my registration fee for my 32' boat? I know I can deduct the sales tax, and it's paid in full. But I had to register it and can I deduct that?
2007-04-16 14:38:10 · 3 answers · asked by Nostrebor 2 in Business & Finance ➔ Taxes ➔ United States
I do not know how to tell what portion is PP tax and what is not...
2007-04-16 14:54:21 · update #1
Only if part of the registration fee is a personal property tax based upon the value of the boat. If it's based upon size, displacement, or any other means than value it's not deductible.
Only that portion of the fee that represents the PP tax is deductible.
2007-04-16 14:41:48 · answer #1 · answered by Bostonian In MO 7 · 0⤊ 0⤋
automobile registration expenses are no longer deductible. interior the states that would charge an added tax each and each 12 months once you sign up your automobile, that tax is deductible on schedule A in case you itemize.
2016-11-24 23:51:20 · answer #2 · answered by adamek 4 · 0⤊ 0⤋
Only if there's a personal property tax that's listed separataly, then you could deduct that part.
2007-04-16 14:58:12 · answer #3 · answered by Judy 7 · 0⤊ 0⤋