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Printable Form 6252 Saint Paul Minnesota: What You Should Know

Chapter 10. Sales Tax Issues — Sales, Use Tax and Use Tax-Related Items Taxpayers using a sales return filed on Schedule E can deduct the following from sales tax withheld on purchases: Itemized deductions. The purchaser's individual deductions for the entire purchase can not exceed 10% of the adjusted cost base. Deductible expenses. The purchaser must report the following items on the return: the actual cost of the property (including the price per item included on the form), plus other tax-effective property items not included on the purchase price. The amount of the deductions reported on Schedule E includes all amounts you deducted from the purchase price on the tax return. (If you have a Schedule F filed with Schedule E, these items can also be itemized) Sales tax will be based on actual cost or actual selling sale price. For sales made within the state of Minnesota, if taxable as a retail sale, the tax will be determined on the basis of the sales price. Other states have a use tax that does not apply to retail sales of tangible personal property in Minnesota (see Table D).  The sales tax on purchases of tangible personal property must be applied to the amount on sale and does not cover the cost of the property. If applicable, the use tax that applied in that state (but not here) will be added to the amount reported on Schedule E. Other tax situations in which a tax may apply to include property being used in the sale (that is, that the seller receives money for providing the property) or in the business (as for services provided). If the business is located within the state, the use tax has to be included as a business use on Schedule E. You may need to purchase additional information to avoid the use tax. For more information, see chapter 10 or contact the Minnesota Department of Revenue to discuss your situation.

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