I sold a second home in NYS and paid a large "transfer tax"

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I sold a second home in NYS and paid a large "transfer tax"

You cannot deduct transfer taxes you paid during the year for your federal income tax return, but you can add to the Seller's expense to increase your basis.

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I sold a second home in NYS and paid a large "transfer tax"

You cannot deduct transfer taxes you paid during the year for your federal income tax return, but you can add to the Seller's expense to increase your basis.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I sold a second home in NYS and paid a large "transfer tax"

I sold a second home in NYS and paid a large "transfer tax"

I sold a second home in NYS and paid a large "transfer tax"

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I sold a second home in NYS and paid a large "transfer tax"

I sold a second home in NYS and paid a large "transfer tax"

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