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posted May 2, 2021 10:58:29 AM

Is the purchase of recumbent bicycle worth over $3000 allowed as major purchase on tax return?

I bought a recumbent bicycle for personal use, that cost me over $3000, is tax paid on this allowed as a major purchase for tax purpose?

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1 Replies
Level 15
May 2, 2021 11:03:08 AM

No.  

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