We knocked down our old dock and built a new, larger one this year. I know we can deduct the boards, nails, roofing materials for sales tax purposes. We paid for all materials ourselves. What little things qualify? For example, a tv wall mount, permanently installed dock bumpers, lighting, tie down ropes and chains attached to the dock? If it's what we would consider a permanent install, does it qualify?
You'll need to sign in or create an account to connect with an expert.
Yes, ropes and chains and the other items permanently affixed (or not meant to be removed and used elsewhere) would be considered building materials and could be used for the Itemized Sales Tax deduction.
Basically, if it is necessary to make the structure function for its intended use, or is meant to be permanently affixed it would be considered building materials.
Do remember when taking the itemized deductions for your state and local taxes that your total state and local sales, property and income taxes are limited to $10,000 total ($5,000 if married filing separate) Any state or local taxes over the $10,000 will not result in a larger deduction and cannot be carried forward to help in future years.
Thank you. That is exactly what I needed to know!
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
sparksj337
Returning Member
Simonr78248
New Member
mjmoor60
New Member
Arielbarth
New Member
vkrishna_710
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.