Yes, because this WA boat excise tax is based on the fair market value (FMV) of the boat (at a rate of 0.005% of the FMV).
To enter
your personal property taxes in TurboTax (for TurboTax Online sign-in, click Here , then select
"Take Me to My Return") Online or Desktop, please follow
these steps:
- Once you are in your tax
return, click on the “Federal Taxes” tab ("Personal" tab in
TurboTax Home & Business)
- Next click on “Deductions and
credits”
- Next click on "jump to
full list" or “I’ll choose what I work on”
- Scroll down the screen until
to come to the section “Cars and Other Things You Own”
- Choose "show more",
then Personal Property Taxes and follow the onscreen instructions
