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connie-uy
Level 2

Can I deduct sales tax that I paid to my contractor from my home that I flipped to personal deductions section?

I flipped a home last year and paid about $9,000 in sales tax. 


1) Can I put the sales tax amount under personal deductions 

or

2) Will this be put under the entire amount of what I paid my contractor which was $105,000 under Schedule C? and not under personal deductions?

Thank you

1 Best answer

Accepted Solutions
NancyG
New Member

Can I deduct sales tax that I paid to my contractor from my home that I flipped to personal deductions section?

If you flipped the house for profit, the sales tax will be part of your business expenses and not personal sales tax.

View solution in original post

1 Reply
NancyG
New Member

Can I deduct sales tax that I paid to my contractor from my home that I flipped to personal deductions section?

If you flipped the house for profit, the sales tax will be part of your business expenses and not personal sales tax.

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