does the purchase of large generator to power an all-electric home during power outages qualify as large purchase to deduct sales tax on item and the fuel tank,system to run the generator. Total cost more than a vehicle.
You'll need to sign in or create an account to connect with an expert.
SALES TAX
You can enter the sales tax you paid in 2022 by going to Federal>Deductions and Credits>Estimates and Other Taxes Paid> Sales Tax.
Sales tax is an itemized deduction. Itemized deductions have no effect on your refund or tax due unless you have enough itemized deductions to exceed your standard deduction.
“Major purchases” that you can enter for the sales tax deduction include:
Motor Vehicles (cars, trucks, motor homes, RV’s, sport utility vehicles and off-road vehicles
Aircraft or boats
Mobile homes
Manufactured housing
Building materials for major home improvements
You cannot deduct: furniture, jewelry, home electronics such as TV’s or computers
https://ttlc.intuit.com/questions/1901222-which-deduction-should-i-choose-sales-tax-or-income-tax
https://ttlc.intuit.com/questions/2566624-how-much-sales-tax-did-i-pay-last-year
https://ttlc.intuit.com/questions/1900791-how-do-i-find-my-local-sales-tax
https://ttlc.intuit.com/questions/2566624-how-much-sales-tax-did-i-pay-last-year
It's a common misunderstanding that when you use the sales tax tables you can add the tax on "major purchases" or "large purchases" to the amount from the tables. This misunderstanding is perpetuated by TurboTax's use of the term "major purchases." What you are allowed to add, according to IRS rules, is the tax on "specified items." The specified items are a motor vehicle, an aircraft, a boat, a home, or a substantial addition to or major renovation of a home. This is a very simplified list. See the IRS instructions for Schedule A for details and limitations. But a generator is not a specified item, so you cannot add the sales tax on the generator to your deduction.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
crussell769
New Member
snqbozik
New Member
roserussell_7
New Member
ezubarevsky
New Member
bethnacz
New Member