Where do I enter the Maine REW-1 withholding?

VasKav — Mon, 03 Jun 2019 19:01:10 GMT

Non-resident of Maine, sold house there last year, it is exempt but the 2.5% was withheld at the time. Where do I enter this to show on my Non-resident Maine State return

Generally, a seller who is a nonresident individual must...

NicoleU — Mon, 03 Jun 2019 19:01:12 GMT

Generally, a seller who is a nonresident individual must fi le a Maine income tax return for the tax year during which the sale of the Maine property occurred. A return is not required if the capital gain from the sale, combined with other Maine-source taxable income, does not result in a Maine income tax liability. However, a Maine tax return must be fi led to get a refund of any real estate withholding amount in excess of the Maine income tax liability. The seller must attach a copy of the REW-1 form to the Maine income tax return to ensure proper credit for real estate withholding paid

Line 25b. Enter the total amount of Maine estimated tax paid for tax year 2016. Also include on this line extension payments, amounts withheld for 2016 on the sale of real estate in Maine (enclose a copy of Form REW-1 to support your entry). If you are fi ling an amended return, include amounts paid with your original, or previously adjusted return, including use tax, voluntary contributions and estimated tax penalty amounts.

In TurboTax, please do the following:

Click Federal Taxes
Click Deductions & Credits
Estimated and Other Taxes Paid
Other Income Taxes, click Start/ Update
Scroll down & look for Other Income Taxes Paid in 2016
Then, Withholding not already entered on a W-2 or 1099, click Start
Put the amount on the State column and indicate Maine for State by clicking on the drop down arrow

Re: Generally, a seller who is a nonresident individual must...

sbristol1 — Sat, 09 Mar 2024 19:34:16 GMT

Thanks so much! It worked like a charm.

topic Where do I enter the Maine REW-1 withholding? in Get your taxes done using TurboTax

Where do I enter the Maine REW-1 withholding?

Generally, a seller who is a nonresident individual must...

Re: Generally, a seller who is a nonresident individual must...