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Sales tax receipts requirement
We will be itemizing this year and want to deduct sales taxes. Given the SALT limitation of $10k and a property tax of about $6k that I paid on my house, I only have ~4k left.
I did not keep all receipts this year, but due to large purchases, I do have enough receipts to exceed the $4k left before hitting SALT cap.
Is it safe to deduct the amount for the receipts I do have and just ignore the sales tax I spend on receipts I don't have?
Thanks.
‎February 9, 2020
8:43 PM