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June 30, 2020
Question

Vehicle purchase lists a State Motor Vehicle Sales Tax @ 6.25% vs the state 8.25% . How do I enter that information?

  • June 30, 2020
  • 1 reply
  • 0 views
I am confused whether to add both together or list the greater %age

1 reply

VictoriaD75
June 30, 2020

Enter the amount you actually paid for the purchase. You may need to review a bill of sale. For the general rate, use the rate used on most purchases in your state. The sales tax on the vehicle will be entered separately as a major purchase.

 

To take the sales tax deduction:

  • From the Federal menu, Choose Deductions & Credits
  • Expand the menu for Estimates and Other Taxes Paid
  • Click Start/Revisit next to Sales Tax
  • Choose to try the sales tax deduction and click EasyGuide on the next screen
  • Choose your state.
  • Enter the tax rate for your location. Click Continue.
  • Answer Yes to the question Did you buy any major items.
  • On the following screen, enter the requested information.
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