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    #1

    Sales Tax Question

    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?
    JG
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    #2
    Originally posted by JG EA View Post
    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.
    You have the right to remain silent. Anything you say will be misquoted, then used against you.

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      #3
      Wow, that was quick! Thank you very much.
      JG

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