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Re: Doh, question inside (archive)
[ Follow Ups ] [ 5-series (E39) Message Board ] [ Msg. Board FAQ ]
Posted by Robert A on February 19, 2001 at 01:12:53:

In Reply to: Doh, question inside posted by BillP on February 18, 2001 at 23:37:28:

Luxurty and gas guzzler taxes aren't deductible, but they are treated as part of the car's cost basis if you use the car for business.


I bought my 540iA new last February and I have some questions about tax deductability.

The three taxes I think may be deductable are (sales tax is NOT deductable (fed and Cali)):

* Luxury tax
* Gas guzzler tax
* Registration (I know how to handle this part)

Advice from any tax weenies out there?


Thanks,
Bill




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