Sales Tax Deduction?

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  • ddoshan
    Senior Member
    • Feb 2012
    • 326

    #1

    Sales Tax Deduction?

    Self Employed Client shows a big loss on his business for 2013. He also took out 30K from his retirement to help him out during the year but due to big loss still shows negative income for the year. As he shows no income, no Sales tax deduction is generated for Sch. A. He obviously spent a lot of money just like anyone else. How would he get credit for the Sales tax deduction? Am I missing something.
  • Burke
    Senior Member
    • Jan 2008
    • 7068

    #2
    The table figure is based on AGI and exemptions claimed. Can he provide receipts for using another figure?

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    • taxxcpa
      Senior Member
      • Nov 2007
      • 978

      #3
      If he has no income and no income tax, what good would a sales tax deduction do?

      Comment

      • Burke
        Senior Member
        • Jan 2008
        • 7068

        #4
        Sometimes we can't see the forest for the trees......

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