Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
K
kmkirst
March 17, 2025
Question

I sold my car and leased a new hybrid car. I live in Washington State. What can I deduct?

  • March 17, 2025
  • 1 reply
  • 0 views
No text available

1 reply

D
DianeW777
March 17, 2025

It depends. If a Dealer provides buyer a time of sale report (also called a seller report), which will have information such as dealer name, address, VIN, make, model, placed in service date and maximum credit. If you check ALL of the details in IRS Publication 5905 or IRS Publication 5866, you may qualify  then you may be eligible for a credit on your federal return.

**Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
TurboTax Expert Assist
TurboTax Expert

Get answers to all your tax questions

Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

Terms & ConditionsCookie settingsAccessibility statement
Intuit
TurboTax Credit Karma QuickBooks MailChimp

©1997-2022 Intuit, Inc. All rights reserved.
Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
of Intuit Inc. Terms and conditions, features, support, pricing, and service options
subject to change without notice.

Security Certification of the TurboTax Online application has been performed by
C-Level Security.

By accessing and using this page you agree to the Terms of Use.

Accessibility

TRUSTe nResult Certified e-File C-Level Security Certification