Solved: Are intangible taxes and mortgage taxes paid on purchase of real estate deductible?

Are intangible taxes and mortgage taxes paid on purchase of real estate deductible?

acquired a second home in 2016 and paid transfer taxes described as intangible tax to County and Mortgage tax to state...are these deductible?

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Transfer taxes are added to the cost of your home and reduces gain on the future sale. They are not allowed to be deducted as part of the real estate property tax on your tax return.

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Transfer taxes are added to the cost of your home and reduces gain on the future sale. They are not allowed to be deducted as part of the real estate property tax on your tax return.