Posted by John K Haslach, CPA, MST on September 19, 2004 at 04:21:34:
Yes, it is. You will be subject to tax based upon the gain on the property sold in Rhode Island.
selling of property out of state - Posted by Claudia DellaSala
Posted by Claudia DellaSala on September 18, 2004 at 19:27:22:
I’m selling my tri-plex in RI. I am now living in CA.
I’m told that since I do not live in RI, the state requires
that I pay a certain % to them of the sale. Is this true?
Re: selling of property out of state - Posted by Dave T
Posted by Dave T on September 22, 2004 at 01:06:51:
MD has a similar requirement for out of state investment property owners. A 1031 exchange allowed me to become exempt from the state mandated withholding at settlement.
RI may have a similar exemption for a 1031 exchange.