topic Are intangible taxes and mortgage taxes paid on purchase of real estate deductible? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-intangible-taxes-and-mortgage-taxes-paid-on-purchase-of-real-estate-deductible/01/609862#M79859 acquired a second home in 2016 and paid transfer taxes described as intangible tax to County and Mortgage tax to state...are these deductible? Thu, 06 Jun 2019 06:07:43 GMT gaallbymyself 2019-06-06T06:07:43Z Are intangible taxes and mortgage taxes paid on purchase of real estate deductible? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-intangible-taxes-and-mortgage-taxes-paid-on-purchase-of-real-estate-deductible/01/609862#M79859 acquired a second home in 2016 and paid transfer taxes described as intangible tax to County and Mortgage tax to state...are these deductible? Thu, 06 Jun 2019 06:07:43 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/are-intangible-taxes-and-mortgage-taxes-paid-on-purchase-of-real-estate-deductible/01/609862#M79859 gaallbymyself 2019-06-06T06:07:43Z Transfer taxes are added to the cost of your home and red... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/transfer-taxes-are-added-to-the-cost-of-your-home-and-red/01/609863#M79860 <P>Transfer taxes are added to the cost of your home and reduces gain on the future sale. &nbsp;They are not allowed to be deducted as part of the real estate property tax on your tax return.</P> Thu, 06 Jun 2019 06:07:44 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/transfer-taxes-are-added-to-the-cost-of-your-home-and-red/01/609863#M79860 DianeW 2019-06-06T06:07:44Z