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As a Virginia resident, when I sell the townhouse years down the road, how much additional taxes and fees would I owe due to not being a Maryland resident?
I am currently a resident of Virginia and I am planning on buying a townhouse in Maryland using all cash ($350k~). When I sell the townhouse years down the road, how much additional taxes and fees would I owe due to not being a Maryland resident? From reading online, it seems a 7.5% tax withholding is likely but not sure what the difference will be based on tax bracket and sales price.
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‎December 23, 2020
12:30 PM