DOES A CAR THAT WAS LEASED IN 2007 AND BOUGHT IN 2009 QUALIFY FOR THE SALES TAX DEDUCTION ?
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The sales tax deduction under the Recovery Act is only for new vehicles purchased in 2009. Even though you were the lessee, the purchase occurred in 2009 and it was a purchase of a used car or lease buyout, not a new car. You won't be able to take the deduction because your vehicle was leased and the first ownership occurred in 2007. I wish I had better news:) I would love to help you find other tax deductions though if you need help preparing your returns.
From the IRS Website......
"The American Recovery and Reinvestment Act permits taxpayers to take a deduction for state and local sales and excise taxes paid on the purchase of new cars, light trucks, motor homes and motorcycles. The deduction is available on new vehicles purchased from Feb. 17, 2009, through Dec. 31, 2009. In states that don't have a sales tax, the law provides a deduction for other taxes or fees paid. This deduction is available whether or not a taxpayer itemizes deductions on Schedule A."
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