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?
You'll need to sign in or create an account to connect with an expert.
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.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
Joan2k
New Member
jdmaertz13
New Member
jbstav17
Returning Member
narkhsa1
New Member
md455
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.