topic Is New Mexico GST on realtor fees deductible as an additional deduction over and above the federal guidelines based on income in Get your taxes done using TurboTax

Is New Mexico GST on realtor fees deductible as an additional deduction over and above the federal guidelines based on income

chuckmcgregor — Thu, 06 Jun 2019 09:56:38 GMT

I sold my second home and paid New Mexico GST on the real estate commission.

Is the GST deductible as an additional sales tax deduction as you would do with a sales tax attributable to a car?

IreneS — Thu, 06 Jun 2019 09:56:40 GMT

No. The sales tax on the real estate commission is not deductible--it applies to purchase of personal property.

You can, however, include the sales tax paid on the commission as part of the selling expenses of the home.