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Investors & landlords
A sales tax is imposed by a state or lower government (such as city). It is paid at the time of the transaction. If you are going to claim a sales tax deduction for a large purchase, then you must claim/deduct it in the tax year it was paid. You can't carry it forward. Also be aware that the sales tax deduction is a oart if the SALT (State And Local Taxes) limits that started in 2018.
‎October 1, 2019
1:01 PM
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