What is the Colorado 2% Withholding Tax?

What is the Colorado 2% Withholding Tax on Nonresident Real Estate Transactions? It is crucial to understand the 2% withholding tax applied to nonresident sellers when selling a property in Colorado, . This mandatory withholding comes into effect for corporations lacking a permanent place of business in Colorado. Additionally, nonresident individuals, estates, and trusts when...

https://durangohomesearch.com/wp-content/uploads/2023/11/kim-rodgers-logo.png

Realtor®
License# 100065255
Cell: 970-799-4001

743 Main Avenue
Durango, CO 81301
Office: 970-624-0444