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If this year I paid car registration for the next two years do I deduct the total payment this year?
I live in Washington state. In 2020 I paid my car registration for the next two years at once (2020 and 2021). Do I take the full deduction in the year I paid, or the yearly amounts in the years when it applies separately?
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If this year I paid car registration for the next two years do I deduct the total payment this year?
You take the itemized deduction in the year you paid the registration fees based on the value of the vehicle.
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If this year I paid car registration for the next two years do I deduct the total payment this year?
IF you are NOT asking about this for a business vehicle expense, but asking about your personal use vehicle....you should read the following post (though it is a bit old and may not be fully up-tp-date):
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If this year I paid car registration for the next two years do I deduct the total payment this year?
You take the itemized deduction in the year you paid the registration fees based on the value of the vehicle.
- Mark as New
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If this year I paid car registration for the next two years do I deduct the total payment this year?
IF you are NOT asking about this for a business vehicle expense, but asking about your personal use vehicle....you should read the following post (though it is a bit old and may not be fully up-tp-date):
___________________
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