Transfer Tax on Real Estate

SumoDog · 11-25-2009, 09:33 PM

JRC makes a good point - some things are not taxable to NH - please remember for federal tax purposes the mutual fund companies report short term capital gains as ordinary dividends - these short term capital gains are not taxable by NH - be sure to provide your local CPA the proper information so that he/she can segragate your s/t capital gains from taxation to NH - feel free to contact me if you are confused - I am a local tax practioner - do not pay NH any more than you have to

Rattlesnake Guy · 11-25-2009, 10:15 PM

Don't forget...the transfer stamps are tax deductible on your federal return.

11-25-2009, 09:33 PM	#1
SumoDog Member Join Date: May 2009 Posts: 22 Thanks: 0 Thanked 4 Times in 3 Posts	JRC Post JRC makes a good point - some things are not taxable to NH - please remember for federal tax purposes the mutual fund companies report short term capital gains as ordinary dividends - these short term capital gains are not taxable by NH - be sure to provide your local CPA the proper information so that he/she can segragate your s/t capital gains from taxation to NH - feel free to contact me if you are confused - I am a local tax practioner - do not pay NH any more than you have to

11-25-2009, 10:15 PM	#2
Rattlesnake Guy Senior Member Join Date: Sep 2004 Posts: 1,254 Thanks: 423 Thanked 366 Times in 175 Posts	Don't forget...the transfer stamps are tax deductible on your federal return.