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Old 04-05-2006, 08:12 AM
Bill Brown
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Default Re: Is DMV Sales & Use Tax on Vehicle Purchase Deductible?

T.C. Mann wrote:

- quote -

> Hello,
> I purchased a used vehicle in Nov. of '05 and was charged
> almost $800.00 by the DMV.
> The breakdown of the amount is as follows:
> Registration Fee $145.00
> Title Fee $10.00
> Sales & Use Tax $640.00
> Can any of the above fees be deducted on my Federal tax
> return on Sch. A? I know that personal property tax is
> deductible. For this purpose, is "Sales and Use Tax"
> considered to be the same thing?


No. It is a sales and use tax. If you elect to deduct state
sales taxes instead of state income taxes on Schedule A the
$640 can be added to the amount generated using the IRS
provided table for your state.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
  #-1  
Old 04-04-2006, 07:59 AM
T.C. Mann
Guest
 
Posts: n/a
Default Is DMV Sales & Use Tax on Vehicle Purchase Deductible?

Hello,

I purchased a used vehicle in Nov. of '05 and was charged
almost $800.00 by the DMV.

The breakdown of the amount is as follows:

Registration Fee $145.00
Title Fee $10.00
Sales & Use Tax $640.00

Can any of the above fees be deducted on my Federal tax
return on Sch. A? I know that personal property tax is
deductible. For this purpose, is "Sales and Use Tax"
considered to be the same thing?

Thank you,

T.C.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >
 

Tags
deductible, dmv, purchase, sales, tax, vehicle
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