Sold my out of state (MD) rental property

[leekwok]

I sold one of my rental property in Maryland for $200K (Home: $150K + Land: $50K) in 2019 (actually got back $174K only), I bought this rental property for $150K in 2013 (Home: $115K + Land: $35K). I never lived in Maryland, I live in Texas. I do have HUD from title company, which indicated $14K for "Maryland Non-Resident Withholding Taxes", should I include this $14K be part of Asset Sales Expense in TurboTax Home and Business software? Also, what Asset Sales Expenses can I claim from the HUD? What about Land Sales Expenses? Should I put 0? For Asset Sales Price should enter 150K and Land Sales Price should enter 50K right? Thank you for your help!

[Critter]

No ... the state withholding is NOT an expense of sale. 

And have you been depreciating the property correctly all these years ?  

[Carl]

the state withholding is NOT an expense of sale.

RIght. It's the state income tax you paid on the taxable gain.

However, that with held amount was based on the cash payout you received at the closing. So when you file the non-resident state return you could end up actually owing more to the state, or some of what was with held by the state may be refunded to you. You just won't know until you get that state return completed.