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D
divmomkr
April 5, 2025
Question

Can I deduct State Mortgage tax on a new home?

  • April 5, 2025
  • 1 reply
  • 0 views
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1 reply

JohnB5677
JohnB5677
April 6, 2025

If you mean the State Mortgage Recording tax, it is not deductible on your tax (form 1040).

  • However, you can add this amount to the cost basis of your property.
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