topic I purchased a trailer in 2016, taxible value $3661. Colorado trailers require plates and registration... the fee was $527.29. Is this deductable? in Deductions & credits

I purchased a trailer in 2016, taxible value $3661. Colorado trailers require plates and registration... the fee was $527.29. Is this deductable?

jilldews1 — Thu, 06 Jun 2019 09:15:55 GMT

I believe Colorado refers to it as ownership tax.

I purchased a horse trailer in 2017. Again I paid an own...

shvasha — Thu, 06 Jun 2019 09:15:57 GMT

I purchased a horse trailer in 2017. Again I paid an ownership tax as well as state and county taxes. What is deductible here, and do i still put this under "Car Registration Fees"

Yes, it is deductible and yes - Colorado does call it "ow...

MargaretL — Thu, 06 Jun 2019 09:15:58 GMT

Yes, it is deductible and yes - Colorado does call it "own tax" on their registration card.

Here's data entry:

Federal Taxes
Deductions Credits
Car and Other Things You Own
Car Registration Fees - enter "own tax"

TurboTaxMargaretL’s answer appears to be out of date. “Ow...

adville — Thu, 06 Jun 2019 09:16:00 GMT

TurboTaxMargaretL’s answer appears to be out of date. “Own Tax” is no longer (as of 2016 receipts) itemized, either on the front or back of the Colorad Registration/Ownership Tax Receipt.