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NH has a property transfer tax when you purchase and/or sell

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RE property. I'm using Turbo...
NH has a property transfer tax when you purchase and/or sell RE property. I'm using Turbo Tax and at a loss as to which catagory to claim the expense? please help.
Submitted: 6 years ago.Category: Tax
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4/1/2011
Tax Professional: Robin D., Senior Tax Advisor 4 replied 6 years ago
Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,875
Experience: 15years with H & R Block. Divisional leader, Instructor
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Robin D :

Hello and thank you for using Just Answer

Robin D :

Payments for the following items generally are not deductible as real estate taxes.





  • Taxes for local benefits.




  • Itemized charges for services (such as trash and garbage pickup fees).




  • Transfer taxes (or stamp taxes).




  • Rent increases due to higher real estate taxes.




  • Homeowners' association charges.




Robin D :

You cannot claim the transfer tax as a deduction.

Robin D :

Did you have a follow up question about this subject?

Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15,875
Experience: 15years with H & R Block. Divisional leader, Instructor
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