turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Gold1384
New Member

Sales tax receipts requirement

We will be itemizing this year and want to deduct sales taxes.  Given the SALT limitation of $10k and a property tax of about $6k that I paid on my house, I only have ~4k left.

 

I did not keep all receipts this year, but due to large purchases, I do have enough receipts to exceed the $4k left before hitting SALT cap.

 

Is it safe to deduct the amount for the receipts I do have and just ignore the sales tax I spend on receipts I don't have?

 

Thanks.

x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

3 Replies
Anonymous
Not applicable

Sales tax receipts requirement

what do you mean by safe?  the IRS can always ask for proof of any item on a tax return.  since you have proof the worst that could happen in regards to your sales tax deduction is that the IRS will ask for proof.  since the limit on SALT, there's no need to enter more in TT.  

lujones5
New Member

Sales tax receipts requirement

Can I still deduct all my sales taxes with receipts

DMarkM1
Expert Alumni

Sales tax receipts requirement

Yes you can enter all receipts and then choose which gives you the better tax advantage, state income tax or slales taxes.  

 

1.  Click "Deductions & Credits" at the top of the page

2.  Scroll down to "Estimates and Other Taxes Paid"

3.  Click "Show More"

4.  Find "Sales taxes"

5.  Click "Start/Revisit"

6.  Click "Continue"

7.  You will arrive at a page giving you the option to "Enter all receipts"

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

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question