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Can I deduct sales tax that I paid to my contractor from my home that I flipped to personal deductions section?

I flipped a home last year and paid about $9,000 in sales tax. 


1) Can I put the sales tax amount under personal deductions 

or

2) Will this be put under the entire amount of what I paid my contractor which was $105,000 under Schedule C? and not under personal deductions?

Thank you

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1 Best answer

Accepted Solutions
NancyG
New Member

Can I deduct sales tax that I paid to my contractor from my home that I flipped to personal deductions section?

If you flipped the house for profit, the sales tax will be part of your business expenses and not personal sales tax.

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1 Reply
NancyG
New Member

Can I deduct sales tax that I paid to my contractor from my home that I flipped to personal deductions section?

If you flipped the house for profit, the sales tax will be part of your business expenses and not personal sales tax.

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