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suzhou
New Member

Will the "dealer inventory tax" charged on the vehicle I purchased new in Texas in 2015 deductible on federal 1040 return? If so, how do I claim it? Thanks.

 
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bwa
Alumni
Alumni

Will the "dealer inventory tax" charged on the vehicle I purchased new in Texas in 2015 deductible on federal 1040 return? If so, how do I claim it? Thanks.

It is not a sales tax or personal property tax, so it is not deductible.  See this article:  http://consumerist.com/2008/03/08/if-you-buy-a-car-okay-truck-in-texas-make-sure-you-dont-pay-the-in...


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bwa
Alumni
Alumni

Will the "dealer inventory tax" charged on the vehicle I purchased new in Texas in 2015 deductible on federal 1040 return? If so, how do I claim it? Thanks.

It is not a sales tax or personal property tax, so it is not deductible.  See this article:  http://consumerist.com/2008/03/08/if-you-buy-a-car-okay-truck-in-texas-make-sure-you-dont-pay-the-in...


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