The most common occurrence of the Florida intangible tax currently seems to be on a refinanced mortgage. I recall a discussion here where it was pointed out that the full title of the tax was something along the lines of the "Florida intangible personal property tax," but that was when it was a tax on intangible investments held outside of retirement accounts. Obviously personal property taxes are deductible on Schedule A, but I don't see how a tax associated with real property could be considered a personal property tax. Is the Florida intangible tax shown on the HUD closing statement deductible on a federal return?
- posted
16 years ago