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June 4, 2019
Question

Deduct sales tax on used car purchase

  • June 4, 2019
  • 2 replies
  • 24 views
Can and should i deduct sales tax paid on used car purchase?

2 replies

June 4, 2019
Each person's tax situation is different. You won't know if it benefits you unless you enter it TurboTax.
June 4, 2019

Yes, you may. TurboTax will calculate the deductible amount, if any.

Here's how to enter the sales tax you paid:

  1. Open (continue) your return if it's not already open.
  2. Inside your program, search for sales tax and then click the "Jump to" link in the search results.
  3. On the Let's Compare screen, click Try Sales Tax or Continue (the button varies depending on your current situation).
  4. When asked how you want to enter your sales tax, choose EasyGuide.
  5. Answer the questions about where you lived, the dates, and your sales tax rate.
    • If you only see the Places You Lived screen, choose Edit to access those questions.
  6. When you get to the Major Purchases screen, answer Yes and follow the onscreen instructions to enter the sales taxes you paid on your vehicle purchase.