I:7-68. In the current year, Drew paid $6,500 for a piece of equipment to be used in his business. In addition, he had to pay a state sales tax of $500 on the purchase. How should Drew handle the sales tax? A. As an itemized deduction on Schedule A. b. As a tax expense deduction on Schedule C. c. Add the tax to the basis of the equipment. D. Disregard sales tax as it is no longer deductible.
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