I bought a car, do i Need to say it?

posted

Connect with an expert

1 Reply

I bought a car, do i Need to say it?

It depends. You do not need to report large purchases. However, you may want to report the sales tax on the car if you are itemizing your deductions.

When you sell the car, you may have to report the proceeds. Click this article for more details: How do I report income for selling a car that I owned?

Still have questions?