| Individual General discussion about Individual income tax returns. |
 |
02-19-2009, 09:07 PM
|
#1 (permalink) |
|
Status: n00b
Join Date: Feb 2009
Location: New york
Posts: 2
Rep Power: 0
 |
Personnal property tax?
When you itemize ------------what would you suggest for Personnal property tax?
It sounds as if a car tune-up can be used for this line. Can you give an example of a good entry .................  |
|
    
|
|
|
|
|
|
|
|
08-18-2009, 09:25 PM
|
#2 (permalink) |
|
Status: n00b
Join Date: Aug 2009
Posts: 4
Rep Power: 0
|
it would be the tax you paid on the car.
|
|
|
|
|
12-16-2009, 02:02 AM
|
#3 (permalink) |
|
Status: n00b
Join Date: Dec 2009
Location: Irvine
Posts: 11
Rep Power: 0
|
It the tabs you must pay each year. Tax on a tune up would fall under sales tax deduction that is allowed now, if you choose to use actual vs calculated amount.
|
|
|
|
|
03-02-2010, 10:08 PM
|
#4 (permalink) |
|
Status: n00b
Join Date: Mar 2010
Posts: 8
Rep Power: 0
|
Tax is computed by multiplying the tax rate by the assessed value of the property, which may be more or less than the purchase price. For example, if the house was assessed at $200,000, and you were able to buy it for only $110,000 because you bought it at a foreclosure sale/auction, then a 6.5% tax would be $13,000. On the other hand, if the house was assessed at $100,000 in 1990 and has not yet been re-assessed since then, the 6.5% tax would be only $6500.
__________________
Fidelity Review |
|
|
|
|
| Bookmarks |
| Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
| Thread Tools | |
| Display Modes | |
|
|
Linear Mode
