I have 2,880 reasons to love me some FJ!!
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Location: NW Louisiana
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I have 2,880 reasons to love me some FJ!!
My CPA called me this week and said I was able to deduct all of the sales tax ($2880) on my new FJ off of my federal income tax this year (yes, I itemize).
doesnt just apply to vehicles... but a few other big ticket items for which you paid sales tax ...
http://apps.irs.gov/app/stdc/
doesnt just apply to vehicles... but a few other big ticket items for which you paid sales tax ...
http://apps.irs.gov/app/stdc/
Last edited by Nate C; 03-02-2007 at 01:12 PM.
#3
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This is the first time I have done my own taxes as an independent, and I have almost no deductions Even deducting tax on my "new to me" 4Runner, my deductions aren't more than the "standard deduction." Maybe next year...
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that was me up until a couple years ago when I built myself a new house.... then i finally got to benifit from itemizing.
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