Welcome Guest. Register Now!  


Itemized Deductions Schedule-A


Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 03-06-2018, 12:28 PM
Junior Member
 
Join Date: Mar 2018
Posts: 1
Question Title Ad Valorem Tax in GA

Hello

I purchased a car in November of 2017 and paid the one time TAVT fee. This replaced the annual Ad Valorem Tax (Birthday Tax) starting in 2013. I know I can't deduct it because it's not an annual tax anymore.

Can I list it in my itemized deductions? Does anyone know if this would be advantageous or have any additional info?

Thanks!



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
  #2 (permalink)  
Old 03-07-2018, 02:06 AM
Moderator
 
Join Date: Oct 2010
Posts: 5,258
Can I list it in my itemized deductions?======> as you can see, aslongas the tax is based on the car's value and is the amount that can be entered on federal SchA of 1040 for an itemized deduction once your return qualifies to itemize deductions on SCh A of 1040 rather than take the standard deduction.I believe that even it it is not an anuual tax any longer(or sicne it replaced the AVT), you may still claim the ad valorem car tax on you r2017 return
Does anyone know if this would be advantageous or have any additional info?======>I thinks basically I tis up to you if you itemize the expense on your Sch A of 1040 on your 2017 return.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply



Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
1099 MISC and title company JEANMARCB Filing Requirements 1 01-23-2015 10:45 PM
Georgia State Title Ad Valorem Tax jwaletp Itemized Deductions 0 01-18-2014 07:55 AM
Standard Mileage Deduction - Title No in Name Kitty2010 Income 1 06-21-2010 10:40 PM
ADA-Implementation of Title III Anthony.Gissi Miscellaneous 1 03-25-2009 01:42 PM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning
 
 
 

» Recent Tax Q&A
No Threads to Display.