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Selling a rental property out of state and taxes withheld
I sold a rental house in another state and paid taxes to that state at the time of the sale.
When filing taxes for my home state of MA, can I deduct this?
I see the section “Income Taxed by Rhode Island”.
Do I enter the net profit of the RI house as “Total Long term capital gain income” and the taxes withheld at the sale as “RI Tax paid on this income”?
March 21, 2022
4:03 AM