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mleff1218
New Member

I bought a used car in 2013 can i claim that on my taxes

I bought a used car for $5050.00 at a car lot and paid cash can I claim that as personal property? Because our other car was unfix-able and this car was needed for transportation getting to work.
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5 Replies

I bought a used car in 2013 can i claim that on my taxes

My car was totaled in an accident and I did not get enough from the insurance company to replace my car. I purchased a car a year older and had to pay $4100.00 for the down payment and taxes shouldn't these costs be deductible as a lost of property

I bought a used car in 2013 can i claim that on my taxes

The purchase of a car for personal transportation is not deductible.  The sales tax you paid on the car purchase can be added to the amount of sales tax from the IRS tables as a "major purchase" in the itemized deductions if you elect to use the sales tax rather than the state income tax deduction.   And if the license and registration fee for the car are based on the value of the car, you can include that as an itemized deduction for personal property taxes.

PPS
New Member

I bought a used car in 2013 can i claim that on my taxes

I bought a used car in 2018 can i claim that on my taxes

I bought a used car in 2013 can i claim that on my taxes

What?   You are asking in 2019 if you can claim a used car you purchased in 2013?  No.  

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Carl
Level 15

I bought a used car in 2013 can i claim that on my taxes

Except for medically prescribed medical equipment, *anything* purchased for personal use is never deductible on any tax return, ever. The only exception is medical equipment formally prescribed by a licensed medical professional. But even that falls within the 2% AGI rule as well as the 10% medical expenses rule.

 

 

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