New Member

posted May 29, 2019 5:01:32 PM

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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Alumni

May 29, 2019 5:01:34 PM

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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Alumni

May 29, 2019 5:01:34 PM

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...