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03-10-2003, 09:45 PM
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#3 |
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Guest
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Where have you been hiding?
LOL....hey srv1... How have ya' been? As for the "Tax"...we in California get to pay a DMV registration Personal Property Tax YEARLY on our beloved vehicles. It is equal to a percentage of the FMV ( Fair Market Value) of the car..the FMV is determined when first purchased and then upon subsequent transfer of title.
It is an itemized deduction on Schedule A of our 1040 Federal Tax..if you do an itemized deduction in lieu of the standard exemption/deduction... LOL Take Care... Jenn |
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