Are sales taxes on building materials deductible?
February 9, 2000
Subject: sales tax?
From: Harriet Schneider
Date: Fri, 14 Jan 2000
If you build a new home, is sales tax on the materials bought to build the home with deductible?
Answer
Date: 19 Jan 2000
Hello Harriet,
No, sales taxes are no longer deductible.
You may add the sales tax for materials to build a home to your tax basis for determining the gain or loss when you sell the home.
Good luck!
Mike Gray
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