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January 27, 2020
Question

Filing Multi State Filing?

  • January 27, 2020
  • 1 reply
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Last year I sold a home in Hawaii and used the proceeds to purchase another home in the State of Washington. I purchased a foreclosure home and I currently use it as a second home. My question is, my settlement fees to purchase this home was about $1,800 and I have paid the real estate tax of $600 for the year 2019, should I file Washington State Taxes, to re-cope any of these expenses?

Thanks in advance for any thoughts on this or things that I should consider. 

    1 reply

    GiseleD
    January 27, 2020

    If these homes are personal use (e.g., second home) and not rental properties used to produce income, there is no federal tax benefit you can claim from paying the settlement fees or the property tax on a second home. 

     

    Also, Washington has no state tax obligations. 

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