NYS Mtg Tax

- B
- bh2os
  
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posted
15 years ago

Sun, Mar 22, 2009 2:55 AM

Is the New York State Mtg Tax paid at closing an eligible deduction on Schedule A.

tks all

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- B
- Bill Brown
  
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posted
15 years ago

Sun, Mar 22, 2009 3:25 AM

No. If paid by the buyer it adds to basis. If paid by the seller it reduces net proceeds on the sale.

Bill Brown

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