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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1 Best answer
TomYoung
Level 13
Jun 5, 2019 3:22:28 PM
Yes, you don't have to buy a car with cash to be able to deduct the sales taxes charged.
Tom Young
1 Replies
TomYoung
Level 13
Jun 5, 2019 3:22:28 PM
Yes, you don't have to buy a car with cash to be able to deduct the sales taxes charged.