Leased a new car in 2016 for 3 years. Where do I find the amount of sales tax to deduct? Do I deduct the sales tax for 2016 or over the term of the lease? Live in WA.
Leased a new car in 2016 for 3 years. Where do I find the amount of sales tax to deduct? Do I deduct the sales tax for 2016 or over the term of the lease? Live in WA.
You will enter the sales tax for the lease term because it was actually paid in 2016 at the lease inception.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
Leased a new car in 2016 for 3 years. Where do I find the amount of sales tax to deduct? Do I deduct the sales tax for 2016 or over the term of the lease? Live in WA.
You will enter the sales tax for the lease term because it was actually paid in 2016 at the lease inception.
**Say "Thanks" by clicking the thumb icon in a post **Mark the post that answers your question by clicking on "Mark as Best Answer"
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.