Solved: I live in Michigan. I bought a boat and paid 6% sales tax when i registered it. Is that considered personal property tax?
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I live in Michigan. I bought a boat and paid 6% sales tax when i registered it. Is that considered personal property tax?

 
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I live in Michigan. I bought a boat and paid 6% sales tax when i registered it. Is that considered personal property tax?

No, it is not a personal property tax.  Instead, it is considered as sales tax paid and you are allowed to claim a deduction on your taxes. 

 

To enter the sales tax information in TurboTax online program, go to:

 

  • After sign in and select Pick up where you left off
  • At the right upper corner, in the search box, type in sales tax then Enter 
  • Select Jump to sales tax 
  • On-screen, Sales Tax and Income Tax - select Continue with Sales Tax
  • On-screen, How do you want to enter your sales tax info? , select EasyGuide and follow the prompts.

Your refund will change only if your total sales tax deduction is more than the state income taxes and you are itemizing instead of taking the standard deduction.

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Level 2

I live in Michigan. I bought a boat and paid 6% sales tax when i registered it. Is that considered personal property tax?

No, it is not a personal property tax.  Instead, it is considered as sales tax paid and you are allowed to claim a deduction on your taxes. 

 

To enter the sales tax information in TurboTax online program, go to:

 

  • After sign in and select Pick up where you left off
  • At the right upper corner, in the search box, type in sales tax then Enter 
  • Select Jump to sales tax 
  • On-screen, Sales Tax and Income Tax - select Continue with Sales Tax
  • On-screen, How do you want to enter your sales tax info? , select EasyGuide and follow the prompts.

Your refund will change only if your total sales tax deduction is more than the state income taxes and you are itemizing instead of taking the standard deduction.

View solution in original post

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