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January 14, 2022
Question

Can I use a vehicle I paid cash for as a tax deduction if the vehicle cost was $8,000? If so, what form would I use?

  • January 14, 2022
  • 1 reply
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1 reply

rjs
Employee
January 14, 2022

If the vehicle is for personal use the cost is not deductible.

 

January 14, 2022

if personal,  only the sales tax would be deductible and only if you itemize.   if you have a state income tax it might have different rules.