Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- Re: Do you have to file an additional state return when selling property?
Do you have to file an additional state return when selling property?
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
shf1957
Level 7
05-13-2021
03:37 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Capital Gains from sale of house in NY was paid at the closing. Client lives in another state. When filing his federal, I know this is a gain.. do we have to pay on it again to the state he resides in?
Labels
This discussion has been locked.
No new contributions can be made. You may start a new discussion
here
1 Comment 1
sjrcpa
Level 15
05-13-2021
03:39 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Yes. Your resident state taxes all of your income. Generally, you can get a credit for tax paid to another state. You have to file a nonresident tax return in the other state. Withholding at settlement doesn't cut it.
The more I know, the more I don't know.
