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Old 03-22-2009, 02:25 AM
Bill Brown
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Default Re: NYS Mtg Tax

On Mar 21, 10:55*pm, bh2os <bh2o...[at]gmail.com> wrote:
- quote -

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

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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Old 03-22-2009, 01:55 AM
bh2os
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Default NYS Mtg Tax

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

tks all

bw

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<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2007) - All rights reserved. > << ------------------------------------------------------- >
 


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