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

[jilldews1]

I believe Colorado refers to it as ownership tax.

[shvasha]

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"

[MargaretL · Accepted solution]

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

Here's data entry:

1. Federal Taxes
2. Deductions Credits
3. Car and Other Things You Own
4. Car Registration Fees - enter "own tax"

[adville]

TurboTaxMargaretL’s answer appears to be out of date.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