Federal Tax Question - CA
Hi! I'm doing my federal taxes and need help. :h We have a travel trailer and I am wondering if I can deduct the full amount of the $75 registration fee paid in 2013 as a "personal property tax" deduc...
Forum Discussion
accsys wrote:
Taxes based on the value of the property are deductible, fees based on some other criteria are not. For instance, in Florida our registration fees are based on weight/classification of the vehicle and have nothing to do with the value of the vehicle. They are not deductible.
Thank you!
After doing some online research, I completely agree. The VLF in California was created based on vehicle value and it decreases every year as value decreases; therefore, that is the only "fee" that is tax-deductible. So I am using the $4 value and added a vehicle for the TT. Turns out, it didn't decrease how much we have to pay in taxes at all. :\ Wish I could use the full $75, but I can't see how.
