Yes, personal property tax section is for cars, planes, motorcycles, boats, RVs, mobile homes or any movable assets.
Data entry:
- Federal Taxes
- Deductions Credits
- Cars and Other Things You Own
- Personal Property Taxes
Note: You can deduct state and local
tax that you pay for your personal property (such as boats, cars, airplanes and
mobile homes). The taxes:
- must be
assessed on annual basis and
- must be
based on the value of your car (or other personal property), and
- must be
charged on an annual basis (even if collected differently)
