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Deductions & credits
Yes, if you sold property in another state, you should report the transaction to that state. A state can typically tax a non-resident on income that is sourced to that state.
With respect to your closing costs, your sales commissions, expenses of sale, pro-rated real estate taxes, pro-rated mortgage interest, and private mortgage insurance are good deductions.
‎June 3, 2019
12:27 PM