@Dons wrote:
Ok, I think I understand. If I do not have enough deductions to make itemizing possible, it is not included. I assume, if it pushed me over the limit it would have been included. I took the Standard Deduction last year, I believe. And yet, my car registration was listed by TurboTax. But that is history.
I do have a related question. I bought a new car in 2019 and paid over $4K in sales tax. This year by some method, TurboTax assigned a calculated sales tax for me, never asking about the car. Is their some way I can include that? I did not keep records to manually compute the sales tax I paid. Obviously, I am looking for some way I can increase my deductions and save some taxes.
PS Thanks for the prompt reply!
Again, sales tax or state income tax (one or the other but not both) is an itemized deduction subject to the same rules.
ALL your itemized deductions must exceed the stranded deduction before there is any tax benefit.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
