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12. Is the Maine Real Estate Withholding amount considered the final Maine income tax due on the sale of my Maine property, or am I also required to file a Maine income tax return?

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.