Bureau Information

• About Us
• Compliance
• Fuel Tax
• Income/Estate Tax
• Property Tax
• Sales/Use & Service Provider Tax
• Other Taxes
• Tax Relief
• FAQ's
  • Sales Tax
  • Income Tax
  • 1040 FastFile
  • Partnerships & S Corporations
  • Pass-through Entity Withholding
  • Estate Tax
  • Tax and Rent Refund
  • Income Tax Withholding/ Unemployment Contributions
  • Business Equipment Tax Reimbursement
  • Form 1099 from Maine Revenue Services
  • Quality Child Care Investment Tax Credit
  • Insurance Taxes
  • Real Estate Withholding
• Useful Links

08. What is the Maine Real Estate Withholding based on if the property is sold on an installment sale basis?

The required withholding amount is still 2 ½ % of the total sales price. However, the seller may request that a lower amount may be withheld (see question 4 for more information). Following the federal guidelines for an installment sale, the seller reports the amount of gain to be realized in the year of the sale. The Maine Real Estate Withholding amount may be based on this first year gain amount. The taxpayer is then responsible for making estimated tax payments and completing the Maine income tax return yearly until the installment contract is complete.

Maine.gov | DAFS Home| MRS Home| Privacy Policy