It's Tee-AX Time!

[polishmafia]

Originally Posted by cmspaz

Pretty sure a sale counts as income, and that the purchase isn't a normal sales tax. I'm fairly certain there's something somewhere. But I'll report back for sure.

*sigh*

The only way you can count a car as income is if the sale of the vehicle was used for business purposes.

If it was for personal use, then all you can claim are the tabs - which Brandon did.

[asshanson]

Originally Posted by polishmafia

*sigh*

The only way you can count a car as income is if the sale of the vehicle was used for business purposes.

If it was for personal use, then all you can claim are the tabs - which Brandon did.

If you itemize I thought you could deduct the sales tax you paid on the vehicle purchase as well.

I haven't calculated mine out yet, but I'll probably get around $1500. I got around $1000 last year but I took one less withholding this year on my W4. It will be going towards my last credit card bill.