Maine real estate withholding 2025

See details

4.3 out of 5

35 votes

The document is a Maine Revenue Services form (REW-1-1041) used for the Real Estate Withholding Return for the transfer of real property by sellers that are trusts or estates. It outlines the requirements for buyers to withhold 2.5% of the sales price when acquiring property from nonresidents, detailing necessary information such as seller identification, transfer details, and withholding amounts. The form must be submitted within 30 days of the property transfer along with payment to the state.

Here's how it works

01. Edit your maine rew forms online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

How to use or fill out Maine Real Estate Withholding with our platform

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

Click ‘Get Form’ to open the Maine Real Estate Withholding Return in the editor.
In Block 1, check the appropriate box to indicate whether the seller is a Trust or Other. If it's a Trust, ensure you enter the Federal ID Number in Block 3.
Enter the seller's name in Block 2, including their last name and first name. For estates, include the seller’s social security number or federal ID number in Block 3.
Fill in the seller's address in Block 4, ensuring to include street number, city, state, and ZIP code.
Provide contact information for tax matters in Block 5. Enter the name and telephone number of your tax advisor or firm.
Complete Blocks 6 through 15 by entering relevant dates, total consideration amounts, and addresses as required. Ensure accuracy for proper processing.

Start using our platform today to streamline your document editing and form completion for free!

See more maine real estate withholding versions

We've got more versions of the maine real estate withholding form. Select the right maine real estate withholding version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.7 Satisfied (36 Votes)
2022	4.8 Satisfied (73 Votes)
2021	4.3 Satisfied (76 Votes)
2020	4.3 Satisfied (224 Votes)
2019	4.3 Satisfied (35 Votes)
2018	4.4 Satisfied (90 Votes)
2017	4.4 Satisfied (279 Votes)
2011	4 Satisfied (31 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

What is the Maine real estate withholding tax?

Withholding required. Every buyer of real property located in Maine must withhold a withholding tax equal to 2 1/2% of the consideration.

What are the exceptions to the 183 day rule?

Days that do not count as days of presence include: Days that you commute to work in the U.S. from a residence in Canada or Mexico if you do so regularly. Days you are in the U.S. for less than 24 hours while in transit between two other countries. Days you are in the U.S. as a crew member of a foreign vessel.

How do you calculate 183 day rule?

183 days during the 3-year period that includes the current year and the 2 years immediately before that, counting: All the days you were present in the current year, and. 1/3 of the days you were present in the first year before the current year, and.

Is Maine a mandatory withholding state?

You are required to withhold Maine income tax if: You maintain an office in Maine or transact business in Maine; You make payments to individuals (resident or nonresident) who are taxable to Maine; and. You are required to withhold federal income tax from those payments.

Do I have to pay taxes when I sell my house in Maine?

Note: Federally taxable gains on the sale of Maine real property are taxable by Maine, even if the total consideration is less than $100,000.

What is the 183 day rule in Maine?

If you are domiciled in another state, but maintain a permanent place of abode in Maine for the entire tax year, and spend more than 183 days in Maine, you are a resident of Maine for income tax purposes.

How many months do you have to live in Maine to be considered a resident?

You are a statutory resident if: 1. you spent more than 183 days in Maine during the tax year (with any portion of a day counted as a full day), and 2. you maintained a permanent place of abode in Maine.

What is the 9 month rule in Maine?

Under current Maine law, all new drivers under 18 years of age operate with an intermediate license for the first 270 days (9 month) restriction period.

Maine real estate withholding 2025

Here's how it works

How to use or fill out Maine Real Estate Withholding with our platform