This entry was posted on Monday, August 10th, 2009 at 7:21 pm and is filed under Sailboats for Sale. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.
SailBoat registration fee deduction?
Nostrebor asked:
Can I deduct my registration fee for my 32′ boat? I know I can deduct the sales tax, and it’s paid in full. But I had to register it and can I deduct that?
I do not know how to tell what portion is PP tax and what is not…
Create a video blog…instantly.
Can I deduct my registration fee for my 32′ boat? I know I can deduct the sales tax, and it’s paid in full. But I had to register it and can I deduct that?
I do not know how to tell what portion is PP tax and what is not…
Create a video blog…instantly.
2 Responses to “SailBoat registration fee deduction?”
Leave a Reply
Powered by Max Banner Ads
August 13th, 2009 at 2:59 am
sailboats for sale
Only if part of the registration fee is a personal property tax based upon the value of the boat. If it’s based upon size, displacement, or any other means than value it’s not deductible.
Only that portion of the fee that represents the PP tax is deductible.
August 14th, 2009 at 8:53 am
Caffeinated Content for WordPress
Only if there’s a personal property tax that’s listed separataly, then you could deduct that part.