Bob Sandler wrote:
- quote -


Sorry, Guys! When you get older, the years start to run
together... My three remaining brain cells must have been
asleep at the wheel when I said that...

Missy Doyle

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Missy wrote:

- quote -

WRONG, the sales tax deduction was available for 2004 AND
2005, but is now past history.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

- quote -

It WAS deductible in 2004. It started in 2004.

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"Missy" <mytax[at]yahoo.com> wrote:
- quote -

You are incorrect Missy. Sales tax was deductible in 2004
AND 2005. It will likely be extended to this year from my
reading.

Wayne

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"Missy" <mytax[at]yahoo.com> wrote:

- quote -

Look again. Sales tax deduction *was* an option in 2004.

--
Phil Marti
Clarksburg, MD

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vinodha_vn[at]yahoo.com wrote:

- quote -

No, there are few, if any, times that you can choose when to
take a deduction. Nearly all deductions are taken the year
they are paid (except IRA may be deposited up till April
15).

You are a candidate for an ammended return. The issue isn't
even a year old, so if you use a Tax guy, wait till his rush
is over and have him prepare the ammended return. If on your
own, I'd just warn you that you can take the higher of sales
tax or state tax, so even with the car, you may not exceed
your state income tax. You need to check to see if it's
worth it.

JOE

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vinodha_vn[at]yahoo.com wrote:

- quote -

Just noticed that it was 2004. Sales tax was not deductable
in 2004. It just started in 2005. Sorry, I read it too
fast.

Missy Doyle

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vinodha_vn[at]yahoo.com wrote:

- quote -

Sales tax goes plus the sales tax for the car goes on
Schedule A form 1040.

Missy Doyle

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<vinodha_vn[at]yahoo.com> wrote:

- quote -

As you bought the car in 2004, the only correct answer is to
amend the 2004 tax return For that you use form 1040X

--
<<< Benjamin Yazersky CPA [NJ & NY] > > ---> real address on hobokenx or hobokeni <---

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vinodha_vn[at]yahoo.com wrote:

- quote -

You need to AMEND your 2004 return on form 1040X, with
revised Schedule A attached. Many counties or states charge
a sales tax rate on vehicles which is higher than the
general sales tax rate. Your deduction is limited to the
general sales tax rate.

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

We bought a car in 2004 but forgot to report the sales tax
rate for deduction (we live in a high tax rate county). Can
we claim it for this year. If so, please let me know the
procedure to claim the amount.

Thanks

<< ================================================== ===== > << The foregoing is intended for educational purposes only > << and does NOT constitute legal OR professional advice. > << > << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >