Transfer Fee received is deducted from ----
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incoming member or the transferee
On the sale of a private residence, transfer taxes and comparable taxes and levies are not deductible. Use them in the purchase price of the property unless you're the buyer and pay them.
Court document fees, lawyers fees, escrow fees, lien recording fees, judgement and lien searching fees, finders' fees, and commissions are all examples of transfer expenditures that the payee is required to pay or even have removed from the gross advance amount by the transfer agreement.
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