DonnaA Posted April 22, 2010 Report Share Posted April 22, 2010 I am trying out the TRX 2009 Tax Works program. The new motor vehicle sales tax is shown as an addition to Federal Taxable Income on Line 36 of the SC return. The ATX program does not show this add-back. Which program is correct? Quote Link to comment Share on other sites More sharing options...
Booger Posted April 22, 2010 Report Share Posted April 22, 2010 I am trying out the TRX 2009 Tax Works program. The new motor vehicle sales tax is shown as an addition to Federal Taxable Income on Line 36 of the SC return. The ATX program does not show this add-back. Which program is correct? Check out the SC instructions.......should tell you how that state handles the sales tax on new vehicles. Booger Quote Link to comment Share on other sites More sharing options...
DonnaA Posted April 22, 2010 Author Report Share Posted April 22, 2010 Check out the SC instructions.......should tell you how that state handles the sales tax on new vehicles. Booger That's the first thing I did. If it is mentioned in the instructions, I missed it. Quote Link to comment Share on other sites More sharing options...
jainen Posted April 26, 2010 Report Share Posted April 26, 2010 >>If it is mentioned in the instructions, I missed it<< The instructions are pretty specific as to line numbers, so in my opinion you should be safe following them exactly (i.e., taking the deduction). But that does seem strange because South Carolina specifically exempts sales taxes from the deduction allowed under I.R.C. Section 164. Why don't you ask TRX sales what authority they are using for the calculation? Beyond the specific deduction, their response will probably give you a lot of information to assist your decision about what software to buy. Quote Link to comment Share on other sites More sharing options...
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