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IS STATE SALES TAX DEDUCTIBLE ON 1040?

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F

FARUCH2U

Guest
I PURCHASED A NEW CAR AND A USED CAR RECENTLY. IS THE STATE SALES TAX DEDUCTIBLE ON MY FEDERAL RETURN? THE VEHICLES WERE PURCHASED IN OHIO.
 


L

loku

Guest
Sales tax deduction

State sales tax is not deductible unless the taxes were paid for the purchase of business property. So if you use the cars in your business, you can deduct a portion of the sales tax as a business expense.
 

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