Bought the a leased vehicle in Aug, 2017. Under the Cost Excluding Tax field. Do I only enter the lease payments from Aug thru Dec, 2017 (not the sale tax) or do I add all 36 months of the price of the lease cost in the Cost Excluding Tax field? This is under the Enter Major Purchase for the Sales Tax section under Deductions and Credits. Thank you
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For Cost Excluding Tax, enter the total lease payments you made during the 2017 tax year (excluding the sales tax paid). This total will only be for payments made from August to December 2017.
You can continue taking this sales tax deduction each year the tax was actually paid going forward.
For Cost Excluding Tax, enter the total lease payments you made during the 2017 tax year (excluding the sales tax paid). This total will only be for payments made from August to December 2017.
You can continue taking this sales tax deduction each year the tax was actually paid going forward.
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