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Deduct privilege tax or vehicle use tax
I bought both a new car and new travel trailer in 2019. Oregon now has a vehicle privilege tax and a vehicle use tax on new vehicles that I had to pay when buying them.
Question is are those state taxes deductible on Federal tax forms and where?
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Deduct privilege tax or vehicle use tax
Because these taxes aren't assessed on an annual basis, but rather at the time of purchase, they are not deductible as personal property taxes. And, those taxes do not meet the definition of a general sales tax because the tax does not apply to a "broad range of classes of items".
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Deduct privilege tax or vehicle use tax
Because these taxes aren't assessed on an annual basis, but rather at the time of purchase, they are not deductible as personal property taxes. And, those taxes do not meet the definition of a general sales tax because the tax does not apply to a "broad range of classes of items".
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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