Can I claim the sales tax I paid on a new motorcycle?
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bugsmal
New Member

Can I claim the sales tax I paid on a new motorcycle?

 
1 Reply
Hal_Al
Level 15

Can I claim the sales tax I paid on a new motorcycle?

Probably not.

You are allowed to deduct state & local income taxes OR sales tax; but not both. This provision was added primarily to allow a deduction for people in states without income tax. Sometimes, with a big purchase (like a car), you may be better off deducting sales tax even if your state has an income tax. Enter both, under deductions, and TT will calculate the best option. If you don't have all your receipts (and hardly anybody does), you are allowed to use tables (built into TT from IRS Pub 600) based on income & exemptions, You can then add major purchase sales tax to the table amounts. Neither is deductible if you use the standard deduction instead of itemizing.

In TurboTax, enter at:

Federal Taxes Tab 

Deductions & Credits

-I'll choose what I work on

-Scroll down to:

--Estimates & other taxes paid

   -Sales tax

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