topic Can I include the recapture fee paid to municipality as seller cost in the calculation of capital gains on the sale of an affordable housing unit? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-include-the-recapture-fee-paid-to-municipality-as-seller-cost-in-the-calculation-of-capital/01/1391191#M144287 Unit was sold for $169,900 (FMV). The maximum resale price is $102,364 (MRP) according to the municipality. Recapture fee of $53,965.20 was paid to municipality based on the above. I do not think I should include the recapture fee as part of the capital gains since it went to my municipality. Wed, 01 Apr 2020 14:55:25 GMT lilo461 2020-04-01T14:55:25Z Can I include the recapture fee paid to municipality as seller cost in the calculation of capital gains on the sale of an affordable housing unit? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-include-the-recapture-fee-paid-to-municipality-as-seller-cost-in-the-calculation-of-capital/01/1391191#M144287 Unit was sold for $169,900 (FMV). The maximum resale price is $102,364 (MRP) according to the municipality. Recapture fee of $53,965.20 was paid to municipality based on the above. I do not think I should include the recapture fee as part of the capital gains since it went to my municipality. Wed, 01 Apr 2020 14:55:25 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-i-include-the-recapture-fee-paid-to-municipality-as-seller-cost-in-the-calculation-of-capital/01/1391191#M144287 lilo461 2020-04-01T14:55:25Z Re: Can I include the recapture fee paid to municipality as seller cost in the calculation of cap... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-include-the-recapture-fee-paid-to-municipality-as-seller-cost-in-the-calculation-of-cap/01/1393131#M144429 <P>Yes, you can deduct the recapture fee as a cost of the sale.</P> Wed, 01 Apr 2020 20:31:54 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-include-the-recapture-fee-paid-to-municipality-as-seller-cost-in-the-calculation-of-cap/01/1393131#M144429 ThomasM125 2020-04-01T20:31:54Z Re: Can I include the recapture fee paid to municipality as seller cost in the calculation of cap... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-include-the-recapture-fee-paid-to-municipality-as-seller-cost-in-the-calculation-of-cap/01/1393505#M144462 <P>Thank you ThomasM125!</P> Wed, 01 Apr 2020 21:28:22 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/re-can-i-include-the-recapture-fee-paid-to-municipality-as-seller-cost-in-the-calculation-of-cap/01/1393505#M144462 lilo461 2020-04-01T21:28:22Z