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10. Is the Maine real estate withholding amount considered the final Maine income tax due on the sale of my Maine property?
No. The Maine real estate withholding amount is merely an estimate of the income tax due on the gain from the sale of the Maine property. A Maine income tax return must be filed to determine the actual tax due on the gain and whether or not a refund is due to you. In some cases, an additional amount may be due with the Maine income tax return filed.
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