Question

Vehicle Property Tax - Rideshare Driving

Forum|Forum|5 years ago
February 7, 2021
1 reply
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I purchased a new vehicle in 2019 and use it for rideshare. Do I enter the property taxes paid in the vehicle purchase every year or just the first year.

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A

AnnetteB6

If your state imposes a property tax every year that is based on the value of your vehicle, then you would enter the amount every year. The business percentage of the property tax (based on the business miles) will then be deducted as a business expense.

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