Is New York Transfer tax paid deducted against New York income tax?

[mj46]

I am preparing a Fiduciary income tax return for a New York estate.  New York property was sold and a New York Real Estate Transfer Tax Return (Form TP-584) was prepared and a transfer tax was paid with that return.  Is that transfer tax a deduction on the New York income tax return?  If it is a deduction, would it be entered on the return as an estimated tax?

[sjrcpa]

No it is not estimated tax, at least the way you describe it.

More like expense of sale.