TP full year VA resident. Sells real property in WV with a large gain. No withholding on closing statements. Does TP pay WV and take credit on VA or does TP pay VA and take credit on WV nonresident. I can't seem to figure out because WV says no credit for non residents in one sentence and later tells you to take credit. Some one please help.
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Resident of VA reports ALL income, to include gain from sale of WV property.
For WV, a non-resident return reports only the WV taxes due on the sale.
TP pays tax to WV, and to VA, on the sale but there should be a (limited) tax credit on the VA return for the taxes paid to WV. VA will want to "see" the WV tax return in order to validate any credit.
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