@fpc wrote:
As a successor trustee living in Kansas and handling an estate, I sold a Colorado residence, which was assigned to a trust. I was required to pay a 2% tax, $4,000, on the proceeds at closing. Does anyone know what the tax is for?
I have no experience or knowledge with respect to Colorado taxation, but I was able to find information (at the link below) indicating that there is a 2% withholding tax on real property valued at more than $100,000.
https://www.ltgc.com/articles/1099-certification/
