Omega-6 linoleic acid is the most abundant polyunsaturated fatty acid found in the Western diet. Itâs plentiful in safflower and commonly available partially hydrogenated sunflower oils, two common cooking and food oils in use today.
Seller Basis. If you sell the house and pick up the transfer tax, then you can deduct that amount from the proceeds of the sale. This reduces your taxable gain. You can also use nondeductible commissions, escrow fees, recording fees and attorney fees to reduce the proceeds.
State and local taxes on personal property, such as vehicles, must be ad valorem taxes to be deductible on your federal tax return. Taxes and fees on personal property that aren't based on the item's value are not deductible. For example, when you pay for the license tag for your car, the charges may include both a fee for the tag and an ad valorem tax. Only the ad valorem part can be taken as a deduction. The tax must be assessed and paid during the tax year for which it is claimed. Write-offs for state and local ad valorem taxes are available only if you file IRS Form 1040 and itemize deductions. Other Deductible Taxes. State and local income taxes and sales taxes are tax deductible on a federal tax return. However, you may deduct only one of these in the same tax year.