Property was bought in the 70s and sold 2020. Form 1099S was issued for gross proceeds. 2.5% Non resident withholding tax was deducted as additional settlement charges. Do we still need to file anything with the State of Vermont?
Thank you Ruth. I did get some more information in the meantime. It looks to me that I have to fill out VT Form IN-111 and Schedule IN-113. I may have more questions later on. Believe I do not have to pay 6% on sale price but rather on sale price minus acquisition and closing costs???