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cotyjo18
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Can i write off sales tax if I hired a contractor to build my home in 2019

 
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Can i write off sales tax if I hired a contractor to build my home in 2019

Yes, If -

a) Your state or locality charges tax on the sale of a home, the cost of a substantial home addition, or the cost of a major home renovation, or

b) You purchased and paid sales tax on the materials to build a home, build a substantial home addition, or perform a major home renovation.

 

If eligible use the Easy Guide for a Major Purchase in the Sales Taxes section -

 

To enter your sales taxes

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Estimates and Other Taxes Paid
  • On Sales Taxes, click the start or update button

Or enter sales tax in the Search box located in the upper right of the program screen. Click on Jump to sales tax

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1 Reply

Can i write off sales tax if I hired a contractor to build my home in 2019

Yes, If -

a) Your state or locality charges tax on the sale of a home, the cost of a substantial home addition, or the cost of a major home renovation, or

b) You purchased and paid sales tax on the materials to build a home, build a substantial home addition, or perform a major home renovation.

 

If eligible use the Easy Guide for a Major Purchase in the Sales Taxes section -

 

To enter your sales taxes

  • Click on Federal Taxes (Personal using Home and Business)
  • Click on Deductions and Credits
  • Click on I'll choose what I work on (if shown)
  • Scroll down to Estimates and Other Taxes Paid
  • On Sales Taxes, click the start or update button

Or enter sales tax in the Search box located in the upper right of the program screen. Click on Jump to sales tax

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