Client purchased an airplane in 2014, was audited and pd NYS sales tax in 2016. Can the sales tax paid for 2014 now be deducted for 2016, since it was paid in 2016?
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1 Best answer
bwa
Alumni
Jun 6, 2019 4:32:56 AM
It can, but only if the total sales taxes exceed the client's total state income taxes.
2 Replies
bwa
Alumni
Jun 6, 2019 4:32:56 AM
It can, but only if the total sales taxes exceed the client's total state income taxes.