I recently moved to Georgia and had to pay over $1,800 in title fees. can I deduct this? If so, where on the return would this go?

s_corte — Thu, 06 Jun 2019 00:18:05 GMT

No, it is not deductible For vehicles purchased in (or t...

DDollar — Thu, 06 Jun 2019 00:18:06 GMT

No, it is not deductible For vehicles purchased in (or transferred to) Georgia in 2012 and after, there is a title tax. It is assessed at the time of purchase on a one time basis. According to the IRS "Deductible personal property taxes are those based only on the value of personal property such as a boat or car. The tax must be charged to you on a yearly basis, even if it's collected more than once a year or less than once a year." Therefore, it is not deductible as a state or local property tax.

If a vehicle is used for business, the title tax should be added to the cost basis like a sales tax.

For vehicles purchased in (or transferred to) Georgia prior to 2012 there is still an ad valorem tax assessed annually and based on the value of the vehicle. This ad valorem tax is deductible each year.

topic I recently moved to Georgia and had to pay over $1,800 in title fees. can I deduct this? If so, where on the return would this go? in Deductions & credits

I recently moved to Georgia and had to pay over $1,800 in title fees. can I deduct this? If so, where on the return would this go?

No, it is not deductible For vehicles purchased in (or t...