I Have a tax question that i was researching but could not find a answer and what i did find was conflicting.
I bought a new car in California in 2011. Is the sales tax deductible?
Turbo Tax states that only in 2009 can you claim your sales tax on your car as a tax write off, but on the IRS website it states.....
If you file a Form 1040, and itemize deductions on Schedule A, you have the option of claiming either state and local income taxes or state and local sales taxes. (You can’t claim both.) If you saved your receipts throughout the year, you can add up the total amount of sales taxes you actually paid and claim that amount.
Asked this question also on yahoo answers and got conflicting answers as well. I will end up talking to one of my associates whos a accountant later this week but i just wanted to see if i could get a answer on here.