WA State Real Estate Tax Affidavit...In my state, the buyer has to pay the tax when the house closes. Do I have a choice to take the expense now on Schedule A
WA State Real Estate Tax Affidavit...In my state, the buyer has to pay the tax when the house closes. Do I have a choice to take the expense now on Schedule A
or should it be added to the basis? BTW...on schedule A she can only deduct 1/2 of the tax since she maxes out at $10,000. Thanks in advance, Christopher
Is that even a deductible tax? I think it's an excise tax, for the privilege of recording the deed. So add to the basis or subtract from the proceeds, depending on who pays it.
Is that even a deductible tax? I think it's an excise tax, for the privilege of recording the deed. So add to the basis or subtract from the proceeds, depending on who pays it.
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