I sold my second home and paid New Mexico GST on the real estate commission.
Is the GST deductible as an additional sales tax deduction as you would do with a sales tax attributable to a car?
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No. The sales tax on the real estate commission is not deductible--it applies to purchase of personal property.
You can, however, include the sales tax paid on the commission as part of the selling expenses of the home.
No. The sales tax on the real estate commission is not deductible--it applies to purchase of personal property.
You can, however, include the sales tax paid on the commission as part of the selling expenses of the home.
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