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February 24, 2025
Question

Sale tax question

  • February 24, 2025
  • 1 reply
  • 0 views

Hello,

 

Doing my tax now, and now reaching the part about sale tax. I bought a car last year, and it is co-signed with my brother. My question is, is it only my brother going to report the sale tax, or I have to report it as well?

 

    1 reply

    February 24, 2025

    Nobody *has* to enter the sales tax.   Sales tax is an itemized deduction that goes on Schedule A with your other itemized deductions like mortgage interest, medical expenses, charity donations.....if you do not have enough itemized deductions to exceed your standard deduction, sales tax has no effect on your tax due or refund.  And if one of you is going to enter it --- the person who actually paid the sales tax uses it.

    **Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**