turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

moonmama3
New Member

Filed and WC in Oregon for sale of rental property. How to deduct from NJ resident state tax.

I sold a rental property in Oregon.  I filed the WC and paid $2465 to Oregon state for withholding for "real property conveyance."  I live in New Jersey.  I put this amount on my New Jersey tax form as taxes paid to another state.  Now it seems to want me to file Oregon State income form.
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Filed and WC in Oregon for sale of rental property. How to deduct from NJ resident state tax.

Those who sell Oregon real property are subject to Oregon tax on the gain from the sale. Escrow agents, and in some cases, attorneys (authorized agents), are usually required to withhold and remit tax payments to the Oregon Department of Revenue as an estimated payment for any taxes that may be due when the seller is a nonresident. Taxpayers will claim these tax payments as estimated tax payments on their Oregon 40P or 40N tax returns filed for the year in which the sale was made. 

http://www.oregon.gov/DOR/forms/FormsPubs/form-or-18-wc-tpv-18_101-183_2016.pdf

View solution in original post

1 Reply

Filed and WC in Oregon for sale of rental property. How to deduct from NJ resident state tax.

Those who sell Oregon real property are subject to Oregon tax on the gain from the sale. Escrow agents, and in some cases, attorneys (authorized agents), are usually required to withhold and remit tax payments to the Oregon Department of Revenue as an estimated payment for any taxes that may be due when the seller is a nonresident. Taxpayers will claim these tax payments as estimated tax payments on their Oregon 40P or 40N tax returns filed for the year in which the sale was made. 

http://www.oregon.gov/DOR/forms/FormsPubs/form-or-18-wc-tpv-18_101-183_2016.pdf

Unlock tailored help options in your account.

message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question