Recent content by Anthagop

No property taxes that were paid on the land.

It was getting itemized for a number of years but once my income was less I was just using standard deduction. On a federal basis I am still not owing anything this year from the cap gain based on my income. My concern is I am owing for Massachusetts state tax and was trying to see if I could...

What is the name of your state? Massachusetts I am a Massachusetts resident and sold land in Florida. The land was held since 1981. Outside of the local taxes I did not spend anything on the land. Am I able to add the local taxes property taxes I paid to my cost basis?