- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
If this year I paid car registration for the next two years do I deduct the total payment this year?
I live in Washington state. In 2020 I paid my car registration for the next two years at once (2020 and 2021). Do I take the full deduction in the year I paid, or the yearly amounts in the years when it applies separately?
Topics:
August 14, 2021
3:31 PM
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
You take the itemized deduction in the year you paid the registration fees based on the value of the vehicle.
August 14, 2021
3:36 PM
455 Views
- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
IF you are NOT asking about this for a business vehicle expense, but asking about your personal use vehicle....you should read the following post (though it is a bit old and may not be fully up-tp-date):
___________________
____________*Answers are correct to the best of my knowledge when posted, but should not be considered to be legal or official tax advice.*
August 14, 2021
3:49 PM