I live in Arkansas. Last year, we paid personal property taxes, but it was for the assessed personal property in the tax year 2015. Can we deduct that amount we paid?

[mcmulica76180]

We paid 264.99 in ad valorem personal property taxes last year for our two vehicles.  Turbotax says that this value can be deducted using itemized Schedule A 1040.  However, we always pay this tax for the assessed items for the previous tax year.  In this case, we paid this tax on September 14, 2016 for what is listed as 2015 Personal Property on the receipt.  Can we deduct this amount?

[PaulaM]

Yes, you can enter the amount of taxes that your paid for your vehicles if the amount assessed was based on the items value. It only matters when you paid it (2016). 

Vehicle registration fees are entered in the Cars and Other Things You Own section. To navigate to the section:

• In your open return, select My Account
• Tools
• Topic Search
• Type 'car registration fees' in the box, then select GO

The personal property section covers items such as boats, RV, and airplanes.