topic Is the NY State Mortgage Tax deductible for a main residential purchase? in Get your taxes done using TurboTax

Is the NY State Mortgage Tax deductible for a main residential purchase?

vela168 — Tue, 24 Feb 2026 06:39:59 GMT

Opus 17 — Wed, 28 Jun 2023 20:38:28 GMT

No. The mortgage tax (one of your closing costs) is added to the cost basis of the home, which may reduce your capital gains when you sell.

vela168 — Wed, 28 Jun 2023 20:39:26 GMT

Thank you Opus 17