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Old 03-25-2008, 09:54 PM
richardstartz@comcast.net
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Default Re: Sales tax deduction for major purchase

On Tue, 25 Mar 2008 14:16:06 EDT, Tom Russ <tar[at]isi.edu> wrote:

- quote -

> On Mar 24, 4:15*pm, richardsta...[at]comcast.net wrote:
> > (2) I live in Washington State, which the general sales tax differs
> > from county to county. I understand you cannot deduct a major purchase
> > if the sales tax is not at the general rate. But I paid different
> > general rates in different counties and TurboTax won't let me deduct
> > items at different rates.

> By chance I accidentally ended up in that part of TurboTax last night.
> The interview may not cover this case, but if you go to the forms
> view, IIRC there is a table for multiple entries of state + local
> sales tax rates that you can use to enter this information. But you
> need to do it from the forms page.


I will do that . Thanks.
-Dick

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #2  
Old 03-25-2008, 05:16 PM
Tom Russ
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Default Re: Sales tax deduction for major purchase

On Mar 24, 4:15*pm, richardsta...[at]comcast.net wrote:

- quote -

> (2) I live in Washington State, which the general sales tax differs
> from county to county. I understand you cannot deduct a major purchase
> if the sales tax is not at the general rate. But I paid different
> general rates in different counties and TurboTax won't let me deduct
> items at different rates.


By chance I accidentally ended up in that part of TurboTax last night.

The interview may not cover this case, but if you go to the forms
view, IIRC there is a table for multiple entries of state + local
sales tax rates that you can use to enter this information. But you
need to do it from the forms page.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #1  
Old 03-25-2008, 01:56 AM
richardstartz@comcast.net
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Posts: n/a
Default Re: Sales tax deduction for major purchase

On Mon, 24 Mar 2008 21:07:42 EDT, "GSalisbury"
<salsburyg.at.comcast.dot.net[at]giganews.com> wrote:

- quote -

> <richardstartz[at]comcast.net> wrote in message
> news:e7cgu39pmjbimlfk6as431cpqfoftnil3a[at]4ax.com...
> > I have a couple of major confusions about deducting sales taxes on
> > major purchases on 2007 US Income tax (in addition to the general
> > sales tax deduction.) I'm not sure if I really have a TurboTax
> > question or a question about the tax code.

> <snip> <snip> TurboTax won't let me deduct items at different rates.
> > > Any advice would be much appreciated.

> > I use TaxCut but have to believe TC and TT would be pretty similar in this

> regard...
> Taxcut, it appears, will let me modify the Schedule A and it's worksheet
> directly if I so desired.
> I would think that so too would TT, in which case, you can resolve the rate
> differences manually by totals and keeping your [good] records handy.
> Just a thought on the entry process.
> Geo.


A good suggestion. I'll do that, thanks.
(Now i just have to figure out about the rules part.)
-Dick

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 
Old 03-25-2008, 12:07 AM
GSalisbury
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Posts: n/a
Default Re: Sales tax deduction for major purchase


<richardstartz[at]comcast.net> wrote in message
news:e7cgu39pmjbimlfk6as431cpqfoftnil3a[at]4ax.com...
- quote -

> I have a couple of major confusions about deducting sales taxes on
> major purchases on 2007 US Income tax (in addition to the general
> sales tax deduction.) I'm not sure if I really have a TurboTax
> question or a question about the tax code.

<snip<snipTurboTax won't let me deduct items at different rates.
> Any advice would be much appreciated.

I use TaxCut but have to believe TC and TT would be pretty similar in this
regard...
Taxcut, it appears, will let me modify the Schedule A and it's worksheet
directly if I so desired.
I would think that so too would TT, in which case, you can resolve the rate
differences manually by totals and keeping your [good] records handy.
Just a thought on the entry process.
Geo.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
  #-1  
Old 03-24-2008, 10:15 PM
richardstartz@comcast.net
Guest
 
Posts: n/a
Default Sales tax deduction for major purchase

I have a couple of major confusions about deducting sales taxes on
major purchases on 2007 US Income tax (in addition to the general
sales tax deduction.) I'm not sure if I really have a TurboTax
question or a question about the tax code. The issue begins with me
having had two remodels: one on my primary residence and one on a
second home.

(1) The IRS web site (document FS-2006-9, January 2006) says you
deduct sales tax on "major renovation of a home," but TurboTax says
you can deduct sales tax on "building materials." These are pretty
different. Which is right?

(2) I live in Washington State, which the general sales tax differs
from county to county. I understand you cannot deduct a major purchase
if the sales tax is not at the general rate. But I paid different
general rates in different counties and TurboTax won't let me deduct
items at different rates.

Any advice would be much appreciated.

--
<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 

Tags
deduction, major, purchase, sales, tax
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