I have 2,880 reasons to love me some FJ!!
Mar 2, 2007 | 10:49 AM
#1
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Joined: May 2002
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From: NW Louisiana
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; Mar 2, 2007 at 01:12 PM.
Mar 2, 2007 | 12:07 PM
#3
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Joined: Dec 2003
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From: Fort Worth, TX
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...
Even deducting tax on my "new to me" 4Runner, my deductions aren't more than the "standard deduction." Maybe next year...
Mar 2, 2007 | 01:11 PM
#4
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Joined: May 2002
Posts: 328
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From: NW Louisiana
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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