Skip to main content
March 4, 2021
Question

Colorado Sales Tax

  • March 4, 2021
  • 1 reply
  • 0 views

I purchase a new Tesla on 12/23/2020. Since I was financing the car, I did not pay the State and County sales tax until I registered the car with DMV on 02/02/2021. Do I claim the Sales Tax on 2020's Tax return or wait until 2021's Tax return?

 

    1 reply

    March 4, 2021

    Since you didn't pay it 2020 you cannot deduct it on your 2020 tax return.  You will have to wait and include on your 2021 tax return.

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