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stecster
New Member

How do you deduct the sales tax on the purchase of a boat in TN using the Turbo Tax Premier edition?

I am using the standard deduction for sales tax but the Turbo Tax Premier program will not allow be to deduct the sales tax on the boat in addition to the standard sales tax deduction because the state sales tax in TN is 9.25% but the sales tax on a boat in TN is 7%. Is there a work around?

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PatriciaV
Expert Alumni

How do you deduct the sales tax on the purchase of a boat in TN using the Turbo Tax Premier edition?

Yes, you may set up different sales tax rates for different locations

On the "Places You Lived" page, set up a separate line entry for each sales tax rate (see screenshot below - click to enlarge). Set up a location for each state with the appropriate sales tax rate for that location.

You may enter multiple major purchases for each location as long as the sales tax rate is the same.

The easiest way to find this section of TurboTax is to search on "sales tax deduction", then click on the "jump to" link to go directly to the start of this topic.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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1 Reply
PatriciaV
Expert Alumni

How do you deduct the sales tax on the purchase of a boat in TN using the Turbo Tax Premier edition?

Yes, you may set up different sales tax rates for different locations

On the "Places You Lived" page, set up a separate line entry for each sales tax rate (see screenshot below - click to enlarge). Set up a location for each state with the appropriate sales tax rate for that location.

You may enter multiple major purchases for each location as long as the sales tax rate is the same.

The easiest way to find this section of TurboTax is to search on "sales tax deduction", then click on the "jump to" link to go directly to the start of this topic.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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