I bought a new car in Q4 2025 and received the prorated 2025 bill in January 2026 and paid it. Should I claim this deduction on my 2025 tax returns or next year when I file 2026 tax returns?
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You did not pay that bill in 2025 so it does not go on your 2025 tax return. Use it next year when you prepare a 2026 return.
You did not pay that bill in 2025 so it does not go on your 2025 tax return. Use it next year when you prepare a 2026 return.
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