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ngbutler
New Member

Where do I deduct sales tax on new car purchase?

 
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PatriciaR
New Member

Where do I deduct sales tax on new car purchase?

Here are the steps to enter sales tax:

While signed into your TurboTax account,

  • Type sales tax in Search (upper right of program) and click the Jump to sales tax link
  • Select Continue with Sales Tax (if shown)
  • Select Easy Guide
  • Continue to follow the TurboTax prompts until you come to Enter Major Purchases.  This is where you will enter the sales tax on your vehicle purchase.

Sales tax is an itemized deduction.  On your tax return, you will have the option of deducting the greater of your sales tax or your state and local income taxes (if any), whichever is higher.  The TurboTax process will suggest one or the other as you prepare your return.

Click on screenshot below for details


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5 Replies

Where do I deduct sales tax on new car purchase?

Duplicate answer removed.
PatriciaR
New Member

Where do I deduct sales tax on new car purchase?

Here are the steps to enter sales tax:

While signed into your TurboTax account,

  • Type sales tax in Search (upper right of program) and click the Jump to sales tax link
  • Select Continue with Sales Tax (if shown)
  • Select Easy Guide
  • Continue to follow the TurboTax prompts until you come to Enter Major Purchases.  This is where you will enter the sales tax on your vehicle purchase.

Sales tax is an itemized deduction.  On your tax return, you will have the option of deducting the greater of your sales tax or your state and local income taxes (if any), whichever is higher.  The TurboTax process will suggest one or the other as you prepare your return.

Click on screenshot below for details


Where do I deduct sales tax on new car purchase?

I Bought a new truck and had a trade in.
The sales tax paid was based on the full value minus the trade-in value.
The total value minus the trade-in is only 5.9% taxes paid.
While the tax rate was 10% at location purchased.
The tax form asks for (Total Value) (taxes paid) and (% paid)
The disconnect confuses me.   
Do I leave the numbers as actual?
Do I reduce the total value to get the % to 10% for location.

Where do I deduct sales tax on new car purchase?

@rathail
You are posting in an old thread from last year that has long been moved to the already-answered queue.  You should start your own new thread so it will show up to the forum as a current thread needing help and where there is a higher chance someone familiar with your issue can assist you.

When you go to the form at the link, the first box is for a summary of your question, like a title, and is limited to 170 characters..  If you need more room, lower on the form you will come to another box with plenty of room to enter details.   For instance, you could paste what you wrote above into that second box.

<a rel="nofollow" target="_blank" href="https://ttlc.intuit.com/questions/new">https://ttlc.intuit.com/questions/new</a>

This is a public Internet forum, so don't post any personal info.

Where do I deduct sales tax on new car purchase?

Sorry,  I was unable to find an answer to my specific and narrow question with lots of different queries and was unable to find what I needed.  Just a lot of the same general stuff that ........ So I asked my own

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