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Is financing for purchasing a car qualified to "major purchase" for the sales tax deduction?
We bought a new car (Not qualified as clean vehicle) in 2023. Traded in, down payment paid, and financing the rest. Is this situation worth trying to enter information for "major purchase" or "major item" for the sales tax deduction? Turbo Tax says "State and Local deduction is better so far" before entering any information about the car. Thank you!
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March 28, 2024
2:52 PM