Can I deduct the excises on the sale of my home as taxes like property taxes or do they need to reduce the basis which I don't need since the profit is below the 500,000

luriaec · ‎June 6, 2019

should have read excise taxes. These are state and county

DDollar · ‎June 6, 2019

No, the excise taxes are not deductible for income tax purposes. If you paid the tax at the time of sale, it would be an adjustment to the proceeds.

Deductions & credits