I had a pool installed in May-June 2019, at a cost of $51K (including taxes). Can I enter the sales tax charged into my “sales tax” category, and take use that amount on my itemized tax retu

posted

Connect with an expert

2 Replies

I had a pool installed in May-June 2019, at a cost of $51K (including taxes). Can I enter the sales tax charged into my “sales tax” category, and take use that amount on my itemized tax retu

You can take the amount for materials only, not for labor.

Common major purchases include:

Vehicles
Off-road vehicle

You can also include:

Aircraft
Boats
Mobile homes
Manufactured housing
Building materials for major home improvements

I had a pool installed in May-June 2019, at a cost of $51K (including taxes). Can I enter the sales tax charged into my “sales tax” category, and take use that amount on my itemized tax retu

note that there is a $10,00 limit on the deduction for taxes. this is the total of sales tax or state income tax (one or the other - not both) plus real estate taxes paid and personal property taxes paid. even foreign taxes if you don't take the credit. the limit is $5,000 if married filing separately.

Still have questions?