I just got a call from the dealer who sold me my GT350. They have an allocation and need to place their order by this Friday. They indicated that it will be a MSRP deal. I can't take it, so DM me if you would like the information.
krt22,
You are correct. You are allowed to deduct the higher of the two. In states (i.e. TX and FL) with no state income tax you would deduct the sales tax (using one of the 3 methods).
In most other states you will generally end up deduction state income tax instead.
Thanks,
KDJ
Gentlemen,
I'm a CPA so I suppose that makes me an expert. I always say you can deduct anything you want. But can you stand in front of an IRS agent a prove the law is on your side. With respect to the Gas Guzzler Tax.....
For individuals, the answer is "NO". The gas guzzler tax is...