turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Event: Ask the Experts about your refund > RSVP NOW!
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

mmoss63
New Member

Major Purchase sales tax

I had a major purchase last year, and it will not allow me to deduct the sales tax.  How do I deduct the tax?  It says it has to be the same tax rate.  It is, 6% state on the whole purchase and 2.5% local on the first 5k  

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
JulieS
Employee Tax Expert

Major Purchase sales tax

You can enter two lines for your purchase, one would be for the full price at 6% and a second for $5000 at 2.5%.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
mmoss63
New Member

Major Purchase sales tax

Thanks,  I just tried that.  It still does not allow me to deduct the tax paid.  It says because it is less that the previously 8.5 percent entered in the total local and sales tax portion it is not allowed.

JulieS
Employee Tax Expert

Major Purchase sales tax

I am not sure why this doesn't work for you, I have just tried it and I had no problems.

 

As a workaround, you can choose the option to Enter all my receipts instead of Easy Guide.

 

You can add together your standard amount, and the tax on the vehicle purchase and just enter the total.

 

You can either use the standard amount TurboTax calculated, or you can check the standard amount on the IRS website. 

 

Click here to access the IRS sales tax calculator.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question
Manage cookies