Deductible Auto Sales Tax
August 10th, 2010Question: State sales tax paid on an auto. Deductible?
I will be itemizing my taxes for the first time this year as a new homeowner. I purchased an auto last year but only used my standard decuction. Is it possible to deduct taxes paid last year on the auto in 2007 on my 2008 taxes this year. Thanks in advance for any help.
Answer: No.
Each year (1/1-12/31) stands on its own.
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