Re: deducting the Florida intangible tax

Posted by ebetts3 on November 6, 2007, 3:34 pm

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> I am not confusing the doc stamp with the remnants of the

> Florida intangible tax. To quote from the Florida Dept of

> Revenue:

> The repeal [of the Annual Intangible Personal Property Tax]

> DID NOT include:

> The nonrecurring tax on a note, bond, or other obligation

> for payment of money that is secured by a mortgage deed or

> other lien on real property...

> http://dor.myflorida.com/dor/tips/tip07c02-01.html

> It is paid on certain refinancing, home equity loans, etc.

> and is a separate line on the HUD form

> So I will repeat my original question, is this a personal

> property tax? Should it be deducted on Schedule A?

We report it on Line 8, Schedule A - Other Taxes and
identify as such.

Gulf coast of Florida.

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