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Updated over 6 years ago, 06/21/2018

User Stats

156
Posts
73
Votes
Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
73
Votes |
156
Posts

Georgia Non Resident Long Term Capital Gains

Buddy Holmes
  • Investor
  • Daytona/Ormond Beach Fl, Charleston/Summerville SC
Posted

I am selling a home in Georgia as a non Resident.

I am told a 3% of Cap Gaines will be with held for the GA IRS.

I read that GA Capital Gaines tax is 6% and they seems to be no Long term/short term differential.

I understand that I will need to file a non-resident GA tax return for 2018 to get a refund of W/H or pay more tax, perhaps up to another 3%.

Is this understanding correct?

Then my South Carolina Tax folk will want their cut of the Capital Gain as well?

Cheers,

Buddy

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