- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Deductions & credits
No, the purchase of a boat would not be entered under personal property taxes since this is not a yearly expense.
The sales tax that you paid on the boat can be entered on Schedule A. TurboTax will decide which of the two is more beneficial: the sales tax deduction or the state and local tax deduction.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 12, 2022
3:15 PM