Solved: I live in Nevada and purchased a car last year. I am itemizing my deductions. Am I still allowed to deduct the taxes I paid even though I took a loan to get my car?
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I live in Nevada and purchased a car last year. I am itemizing my deductions. Am I still allowed to deduct the taxes I paid even though I took a loan to get my car?

 
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Level 12

I live in Nevada and purchased a car last year. I am itemizing my deductions. Am I still allowed to deduct the taxes I paid even though I took a loan to get my car?

Yes, you don't have to buy a car with cash to be able to deduct the sales taxes charged.

Tom Young

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Level 12

I live in Nevada and purchased a car last year. I am itemizing my deductions. Am I still allowed to deduct the taxes I paid even though I took a loan to get my car?

Yes, you don't have to buy a car with cash to be able to deduct the sales taxes charged.

Tom Young

View solution in original post

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