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Wallstreet Esq.
Wallstreet Esq., Tax Attorney
Category: Tax
Satisfied Customers: 577
Experience:  10 years experience
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I live in Virginia since 2014, but

Customer Question

Hello. My name is Matt. I live in Virginia since 2014, but sold a condo in 2015 that I own that is located in Maryland. I do know that Maryland collects taxes on sales of properties by non-residents. Do you know if that means I do not have to also pay taxes on the sale of this property to Virginia as well?
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Submitted: 6 months ago.
Category: Tax
Expert:  Charles Markham replied 6 months ago.
If you pay taxes to another state (such as Maryland) you will report the same transaction in Virginia and then VA will give you a credit against VA taxes (to a point) for the taxes paid the other state.