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When selling a rental property is my state withholding tax a deductible closing cost?
My itemized closing costs for the sale of my rental property lists:
title fee
notary fee
recording fee
title insurance
CA state withholding (the state tax I paid on my gain from the sale)
As far as I understand, the first four are all considered deductible closing costs. What about the state withholding?
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‎December 17, 2020
1:25 PM