How do you calculate the sales tax deduction on ... - Finance Assistant
September 9th, 2011
The IRS publications just say you can deduct ?sales tax paid on leased vehicles,? but doesn?t say how to calculate that. Does that mean to take the sum of the sales tax on all of the payments for the tax year, or figure out the sales tax on the amount that used used for calculating the lease? If the former, does that mean you can do it every year, or only the year in which you leased the vehicle?
Categories: Taxes
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