Diane M. Phillips Realtor 443-286-4365
Specializing in Carroll Co., MD
Manchester,
MD
More about me…
Frankly Real Estate Inc.
Address: PO Box 189 Manchester, MD 21102, 2 Wisconsin Circle Suite 700, Chevy Chase, MD, 20815
Office: 1-855-FRANKLY
Mobile: (443) 286-4365
Selling Maryland real estate but live outside the state? Here’s what you need to know! If you own and are selling a property in Maryland, but do not currently reside in Maryland you will be required to fill out a form Form MW506NRS - Return of Income Tax Withholding for Nonresident Sale of Real Property. The title company or closing attorney is usually responsible for making sure funds required to pay for this tax are withheld at settlement. After settlement the title company pays the withholding tax due to the state clerk when the deed is recorded. Check with your title … (1 comments)
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