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June 4, 2019
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As the seller (2nd home) can I deduct the county and state tax/stamp costs listed in the HUD-1 form

  • June 4, 2019
  • 1 reply
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    Best answer by Leonard11_2

    No, You can't deduct transfer taxes and similar taxes and charges on the sale of a personal home. If you are the seller and you pay them, they are expenses of the sale and reduce the amount realized on the sale.

    1 reply

    Employee
    June 4, 2019

    No, You can't deduct transfer taxes and similar taxes and charges on the sale of a personal home. If you are the seller and you pay them, they are expenses of the sale and reduce the amount realized on the sale.