If I leased a new vehicle in 2017, can I deduct the sales tax and where on the form?
Sign Up

Why sign in to the Community?

  • Submit a question
  • Check your notifications
or and start working on your taxes
Announcements
TurboTax has you covered during Covid. Get the latest stimulus info here.
cancel
Showing results for 
Search instead for 
Did you mean: 
perelandera
New Member

If I leased a new vehicle in 2017, can I deduct the sales tax and where on the form?

 
1 Reply
NickyL
New Member

If I leased a new vehicle in 2017, can I deduct the sales tax and where on the form?

You can enter the sales tax you paid for the car you purchased in 2017 by going to Federal> Deductions and Credits> Estimates and Other Taxes Paid> Sales Tax. You will be asked if you paid sales tax on a major purchase, and you will be able to enter the sales tax you paid for your new vehicle. 

Sales tax is an itemized deduction. If your state has a state income tax, you have to choose between using the deduction for your state tax paid OR the sales tax deduction, whichever is higher. The TurboTax process will recommend itemized or standard as you prepare your return. 

Here's more info about itemizing vs. taking the standard deduction to see what you fall into: https://ttlc.intuit.com/replies/4208574

Dynamic AdsDynamic Ads
v
Privacy Settings