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?

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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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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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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DO I HAVE TO DEDUCT THE TRADE-IN VALUE FROM MY NEW CAR PURCHASE AMOUNT? EX: NEW CAR COSTS 35K, LESS TRADE-IN OF 10K. TOTAL I PAID WAS 25K. WHAT DO I REPORT THAT I PAID?

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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?

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?

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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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?

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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