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Can I deduct personal property taxes paid on a car I am financing?
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Yes, if they are based on the car's value - not its age, size, or some other factor. You must itemize your deductions to claim it. To enter your deduction in TurboTax, take the following steps:
- In your open Federal return, choose Deductions & Credits
- Scroll down to Cars and Other Things You Own and Show more
- Start or revisit Personal Property Taxes and say Yes
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