Real estate blog entries tagged with sonoma county documentary transfer tax by Jim Cheney Rincon Valley Real Estate (Saint Francis Property Santa Rosa, CA)

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Home : Blogs : Jim Cheney Rincon Valley Real Estate : Saint Francis Talk : Tag "sonoma county documentary transfer tax"

sonoma county documentary transfer tax: Documentary transfer tax - 01/06/11 05:13 PM

I recently took a listing to sell a residential home. I emailed the seller a statement of what I estimated the sale would cost him. He asked if he could pay his documentary transfer tax (DTT) at the end of the year, when he does his taxes, and inquired if he could claim the tax as an income tax deduction.
I can't say that his questions are exactly "common", however I frequently see that DTT is misunderstood. DTT is not "property tax". It is the tax a city, and/or county places on the sale of a property. Consider it a sales tax. In Sonoma County either the seller … (2 comments)

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Jim Cheney Rincon Valley Real Estate

Santa Rosa, CA

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