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

moonmama3 — Wed, 05 Jun 2019 23:45:42 GMT

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.

Those who sell Oregon real property are subject to Oregon...

SweetieJean — Wed, 05 Jun 2019 23:45:43 GMT

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

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

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...