Ability to deduction a large sales tax purchase from a different state than where I live
I live in Colorado. I purchased a motorcycle in California and they charged $1432.61 sales tax when purchased motorcycle there. How can I use this large sales tax in my tax return?
0154
1 Replies
Mike9241
Level 15
Feb 22, 2022 12:23:39 PM
take it as a large purchase sales tax deduction on schedule A. however, note that the total deduction for taxes on schedule A can't exceed $10K.