Doc stamps are not deductible.
There is a disconnect between the IRS definition of a (deductible) personal property tax and the State of Florida collecting an "intangible personal property tax" on debt secured by lien or mortgage on real property. The IRS defines deductible personal property taxes as "those based only on the value of personal property such as a boat or car. The tax must be charged on a yearly basis ..."
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Well, the Florida tax is nonrecurring, and it is not a tax based on the value of personal property. The fact that Florida calls it a personal property tax does not seem sufficient to satisfy the IRS criteria. I have deducted this tax in the past, and would be prone to deduct it until told otherwise, except I doubt it would pass the "reasonable position" test soon to go into effect. And I regret my inability to devise a "simple Google search" to discover a definitive answer.
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