When are real estate commissions deductible for NJ Inheritance Tax? We used the selling price of the house and deducted the real estate commissions.
2 Answers from Attorneys
When the property was sold as directed by the decedents will
While the IRS generally allows the r/e commissions as deductions, for NJ estate tax purposes, it's more difficult.
In general, unless the Will directs that the property is to be sold, the r/e commissions are NOT deductable.