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encantada7
New Member

Can I deductCounty fees paid to flood control and school district to place mobile home on son's parcel; paid $6900 to school district and $4850 to flood control?

These are some of the fees required to be paid, prior to obtaining utility service and occupancy approval.
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RichardG
New Member

Can I deductCounty fees paid to flood control and school district to place mobile home on son's parcel; paid $6900 to school district and $4850 to flood control?

The federal government allows homeowners to deduct real estate taxes on federal tax returns, so the issue is whether these payments are taxes.  One-time charges for placing a new residence on property are known as impact fees or exactions. These fees are typically not tied to the value of the property like taxes, and are more like local benefit assessments or charges for services.  For that reason the charges are not deductible.  Instead, these fees are added to your basis in the property.

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2 Replies
RichardG
New Member

Can I deductCounty fees paid to flood control and school district to place mobile home on son's parcel; paid $6900 to school district and $4850 to flood control?

The federal government allows homeowners to deduct real estate taxes on federal tax returns, so the issue is whether these payments are taxes.  One-time charges for placing a new residence on property are known as impact fees or exactions. These fees are typically not tied to the value of the property like taxes, and are more like local benefit assessments or charges for services.  For that reason the charges are not deductible.  Instead, these fees are added to your basis in the property.
encantada7
New Member

Can I deductCounty fees paid to flood control and school district to place mobile home on son's parcel; paid $6900 to school district and $4850 to flood control?

Thank you so much, Mr. Richard. Appreciate the information which I will show to my husband.
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