Solved: Sales tax deduction for major purchases RE: sales tax on leased cars - where is it found? Should I use the monthly use tax, or sales tax paid at lease inception?
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Sales tax deduction for major purchases RE: sales tax on leased cars - where is it found? Should I use the monthly use tax, or sales tax paid at lease inception?

 
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Employee Tax Expert

Sales tax deduction for major purchases RE: sales tax on leased cars - where is it found? Should I use the monthly use tax, or sales tax paid at lease inception?

The deductible sales tax is the tax that was paid at the lease inception. This is an itemized deduction for schedule A under Deductions and Credits.

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Employee Tax Expert

Sales tax deduction for major purchases RE: sales tax on leased cars - where is it found? Should I use the monthly use tax, or sales tax paid at lease inception?

The deductible sales tax is the tax that was paid at the lease inception. This is an itemized deduction for schedule A under Deductions and Credits.

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

View solution in original post

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