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Is my motorcycle registration and license same as a car?
For tax credits like a car.
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Is my motorcycle registration and license same as a car?
Yes. Car and/or motorcycle registration fees are considered personal property taxes.
Turbo Tax handles this in the section "Car Registration Fees"
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Is my motorcycle registration and license same as a car?
Yes. Car and/or motorcycle registration fees are considered personal property taxes.
Turbo Tax handles this in the section "Car Registration Fees"
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Is my motorcycle registration and license same as a car?
In many states the "registration" fee itself is NOT deductible. Only that portion of the fee that is a property tax based on the vehicles value is deductible. Not all states have a vehicle property tax. Most states that do will list it separately on the registration bill.
In California, for example, the following is a list of the various fees that may be included in your annual vehicle registration payment:
- Registration Fee
-Vehicle License Fee (This is the fee that may be an income tax deduction)
-Weight Fee
-Special Plate Fee
-County/District Fees
-Owner Responsibility Fee
In California, for example, the following is a list of the various fees that may be included in your annual vehicle registration payment:
- Registration Fee
-Vehicle License Fee (This is the fee that may be an income tax deduction)
-Weight Fee
-Special Plate Fee
-County/District Fees
-Owner Responsibility Fee
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
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