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posted Jun 3, 2019 1:18:53 PM

Can I use as my deduction for new car I purchased in 2017? My dad signed for me to get a new car. Im making all payments with bank drafts?

Can I use sales tax dedudtion for car my dad signed for?

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1 Best answer
Level 3
Jun 3, 2019 1:18:54 PM

Yes, you can.

The sales tax deduction gets reported with all of your other itemized deductions (examples are mortgage insurance, real estate taxes, medical bills).  Below is a table based on filing status that tells you if you're better off itemizing or using the standard deduction.

1 Replies
Level 3
Jun 3, 2019 1:18:54 PM

Yes, you can.

The sales tax deduction gets reported with all of your other itemized deductions (examples are mortgage insurance, real estate taxes, medical bills).  Below is a table based on filing status that tells you if you're better off itemizing or using the standard deduction.