TurboTax

File with experts
File your taxes
Experts at your fingertips

An expert helps with your taxes, or does them for you
TurboTax Expert Full Service

TurboTax Expert Assist

TurboTax Self-Employed
Prior year taxes
File myself
File myself
Do it yourself

We'll guide you step-by-step
TurboTax Do It Yourself

TurboTax Self-Employed

TurboTax Desktop
TurboTax Free

Activate your product

Prior year taxes
Business
Business
Business taxes

Get your T2 corporate return done right, your way
TurboTax Business

TurboTax Business Desktop
Tax situations
Tax situations
Tax situations

Find extra guidance for your big life moves
For investors

For 25 and younger

For self-employed

For new to Canada

For life changes
Resources
Resources
Resources

Explore tax tools, get tips, and read reviews
Personal income tax calculator

RRSP savings calculator

Learning hub

TurboTax support (FAQ)

TurboTax community
Pricing

Level 1

Question

ADDING MAJOR PURCHASE

Forum|Forum|3 years ago
April 11, 2023
2 replies
10 views

No text available

TurboTax Free Edition Online

Level 15

For what? For the Sales Tax deduction. If you want to itemize deductions you have to upgrade to Deluxe. If you itemize your deductions you can either take the state and local SALES TAX deduction OR the state and local INCOME TAX deduction whichever is greater. There are a couple items like car sales tax you can add to the general sales tax table. That is mainly for people who live in a state without a state income tax.

Turbo Tax FAQ on Sales Tax
https://ttlc.intuit.com/questions/3148443-how-do-you-define-major-purchase-or-major-item-for-the-sales-tax-deduction

See IRS Schedule A page A-6, middle column for line 7 for what items you can add to the sales tax table. http://www.irs.gov/pub/irs-pdf/i1040sca.pdf

You can only add
1. A Motor Vehicle
2. Aircraft or Boat
3. A Home

Major purchases do NOT include:
-Furniture
-Jewelry
-Home electronics
-Appliances

Level 15

Please clarify.

Is the major purchase for a personal residence, a rental, or a business?
What version of TurboTax are you using, Online or CD/Download?

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