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LordoftheLand
February 16, 2020
Question

Where do I enter withheld state tax from a rental property sale?

  • February 16, 2020
  • 1 reply
  • 0 views

I sold a renal property in 2019 that had been rented for 22 years. When we closed the sale, the title company debited $14000 for California withholding.

In the rental asset section I was able to enter commissions and sales expenses, but there wasn't an area to enter prepaid taxes for the sale.

Should the withheld taxes go in the asset section or somewhere else?

    1 reply

    ColeenD3
    ColeenD3
    February 16, 2020

    In the Deductions and Credits Section, scroll down to Estimates and Other Taxes Paid. Click on Income Taxes Paid.

     

    Enter that section and follow the prompts until you get to this screen. The last entry will accept the taxes paid.

     

     

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