Lion EA Posted April 2, 2011 Report Posted April 2, 2011 One of my CT clients moved to CO during 2010, so a PY CO return. One question I have: She paid $538.23 for what she labeled CO car registration & tax (combined) and $22 for CO driver's license. Is any part of the $538.23 a property tax and deductible on her federal 1040 Schedule A? She expects to stay retired and have no earned income in CO, so moving expenses won't be deductible. Any CO tips are appreciated, as I haven't done a CO return in years and years. Quote
Achmid Posted April 2, 2011 Report Posted April 2, 2011 One of my CT clients moved to CO during 2010, so a PY CO return. One question I have: She paid $538.23 for what she labeled CO car registration & tax (combined) and $22 for CO driver's license. Is any part of the $538.23 a property tax and deductible on her federal 1040 Schedule A? She expects to stay retired and have no earned income in CO, so moving expenses won't be deductible. Any CO tips are appreciated, as I haven't done a CO return in years and years. The portion of the $ 538 that is based on usually the value of the car, not the actual registration, similar to CT, AZ Quote
Lion EA Posted April 2, 2011 Author Report Posted April 2, 2011 I have her detail now: Prior O.T. 73.16 Own Tax 386.71 Lic. Fee 78.36 Road Fee 23.00 Bridge Fee 9.00 Can I take the 386.74 on Sch A? Any of the others? Quote
10SorTAX Posted April 3, 2011 Report Posted April 3, 2011 Prior OT and OT are taken on Schedule A, line 8, Other Taxes: Personal Property Taxes Quote
Lion EA Posted April 3, 2011 Author Report Posted April 3, 2011 Thank you very much. I have lots of state resources, and they do help with the state returns. But, issues with how state items can or cannot be reported on the federal return are seldom covered in those references. That's one of the many reasons that the personal experiences shared on this board are so helpful. Quote
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