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How is the Schedule L form related to IRS tax form 5045?

Updated: 9/10/2019
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14y ago

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This form is for anyone who does not qualify to itemize their deductions, who has paid sales tax on a purchased vehicle, and those who have paid state and local real estate taxes. There is no form 5045, but 5405 deals with buying a home, so new home buyers will likely use both 5405 and Form L to maximize their deductions.

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Q: How is the Schedule L form related to IRS tax form 5045?
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