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Is the sales tax on a leased vehicle tax deductible for the 2009 tax year?


ANSWER


The BIDaWIZ Team's Answer:

See IRC 164(b)(5). You may deduct the total sales tax paid, for the tax

year, in lieu of the state, and local, income taxes paid, on Schedule A,

of your Form 1040.

The BIDaWIZ Team

 

 

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