> 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?
> The Fla intangible tax has been repealed
True the Fla intangible tax on stocks and bonds, etc. has been repealed, BUT there still is an intangible tax charged of about 1% of the mortgage value.
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