Two questions:
1) My car was totaled in 2018, and the costs of replacing the car exceeded what was received from the insurance settlement. Are any of the additional costs incurred by me to be made whole deductible on taxes, either federal or state? **My assumption is no, but I thought I would check**
2) In response to the purchase of a new car and registering it with California in the first year, I imagine there are some fees on the registration when it's done with the DMV that are deductible. Looking through the receipt I got from the DMV, there are fees for: 01 - Curr RF $XX / 02 - Curr CHP $26 / 03 - Curr VLF $XX / 04 Curr Safe / 5 Curr FID / 06 Curr ABN VEH / 07 Curr AIR QLT / 08 ALT FUEL RF / 09 CUR AUT/DUI2 / 10 TIF / 11 USE TAX / 12 CITY USE TAX / 13 N/R ORIG SF / 14 RLP FEE. And then a total.
Is the total amount paid to the CA DMV deductible? Is only the VLF Fee deductible? Or can I also deduct numbers 11, 12, and 13? It's not clear what is allowed and what is not.
