JamesG1
Expert Alumni

Get your taxes done using TurboTax

You are welcome.

 

It is possible that the cashier check is a 'net' amount, that is why I wondered about the sales agreement, if one even exists.  Either the sales agreement or the cashier check amount will be used to report sales Proceeds on the sale of the property on Schedule D and the Oklahoma tax return.

 

You are saying that one of the IRS form 1099-MISC reports income tax withheld in box 4.  Make sure that he is given credit these taxes.

 

 

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