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March 8, 2020
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Cosigned a lease for a vehicle for my daughter in 2019, should the excise tax paid for the vehicle in Indiana go on both tax returns or just the parents?

  • March 8, 2020
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Cosigned a lease for a vehicle for my daughter in 2019, should the excise tax paid for the vehicle in Indiana go on both tax returns or just the parents?

    Best answer by DianeC958

    If your daughter is paying the lease then the excise tax would only go on her return.

     

    You both cannot take a deduction for the excise tax.

    1 reply

    DianeC958Answer
    March 8, 2020

    If your daughter is paying the lease then the excise tax would only go on her return.

     

    You both cannot take a deduction for the excise tax.

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