Personal property (Ad Valorem) taxes deductible or not? - Page 2

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    Topic
  • #185621
    NHCPA23
    Member

    Hey guys just a quick question in REG. I have seen that personal property taxes are deductible as an itemized deduction on schedule A according to Becker material. The ninja notes on page 14 says that its non-deductible. I would appreciate help on this matter. Thanks

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  • #553894
    Lindrobe
    Member

    Mike, that is exactly how I felt on FAR. I felt like I bombed the SIMS and didn't feel that great on the MCQs. I rushed out to my car after the exam and looked up some of the MCQs and knew that I missed a couple of topics completely. I never expected to get an 87.

    For what its worth, I think that you seem to know your stuff pretty well, so I think you are going to be ok. I know that you won't feel completely relieved until you see that passing score this week.

    FAR 12/3/14, 87
    AUD 2/3/14, 90
    BEC 4/1/14, 88
    REG 5/27/14, 94

    Licensed CPA, Indiana

    "Successful people do things that unsuccessful people don't want to do"

    #553895
    jeff
    Keymaster

    If you look closer, the personal property taxes mentioned on that page fall under the “Foreign Taxes” heading 🙂

    #553896
    jeff
    Keymaster

    If you look closer, the personal property taxes mentioned on that page fall under the “Foreign Taxes” heading 🙂

Viewing 3 replies - 16 through 18 (of 18 total)
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