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jwad1010
New Member

Getting mixed answers..I leased a new car in 2017, can I deduct any of the sales tax since I am itemizing? If yes, can all 36 months be deducted?

 
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JohnW15
Intuit Alumni

Getting mixed answers..I leased a new car in 2017, can I deduct any of the sales tax since I am itemizing? If yes, can all 36 months be deducted?

Yes, you can deduct the sales tax that you pay on a leased vehicle. 

The deductible amount is the amount you paid in the 2017 tax year, when you signed the lease.  You can’t deduct taxes in 2017 for tax that will be charged in the future, and that you haven’t paid yet.

For more information, see “State and Local General Sales Taxes” on page A-3 of 2017 Instructions for Schedule A (Form 1040).


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