I forgot to say that I bought a used car and am making monthly payments

idonthaveanid · ‎May 31, 2019

I don't use it for work just to drive to work and college. Do I need to report it?

ToddL · ‎May 31, 2019

You do not need to report the purchase of a car (new or used), unless you are using it for business purposes. Commuting to work or school does not qualify as a "business purpose".

If you are itemizing deductions on Schedule A, you may be able to claim a deduction for the sales tax you paid when you bought the car and/or any property tax you pay as part of your annual registration fees.

For more information:

https://ttlc.intuit.com/replies/5711743

View solution in original post

ToddL · ‎May 31, 2019

You do not need to report the purchase of a car (new or used), unless you are using it for business purposes. Commuting to work or school does not qualify as a "business purpose".

If you are itemizing deductions on Schedule A, you may be able to claim a deduction for the sales tax you paid when you bought the car and/or any property tax you pay as part of your annual registration fees.

For more information:

https://ttlc.intuit.com/replies/5711743