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A client asked me. For sales tax deduction can you count the sales tax for a boat when you financed it and only make a few payments so far. I thought yes, because aren't sales taxes paid up front, but I am not sure. What do you think?
A client asked me. For sales tax deduction can you count the sales tax for a boat when you financed it and only make a few payments so far. I thought yes, because aren't sales taxes paid up front, but I am not sure. What do you think?
Yes, just like you can take the deduction on a car you financed or an RV. The sales tax has been paid in full to the state by the boat seller.
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