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Updated 10 months ago on . Most recent reply

User Stats

38
Posts
11
Votes
Roxanne Whitaker
  • Realtor
  • Gettysburg, PA
11
Votes |
38
Posts

MD Tax Law on Out of State Investment Owners

Roxanne Whitaker
  • Realtor
  • Gettysburg, PA
Posted

Please be aware if you buy an investment property and do not live in MD, when you go to sell it you will pay an 8% tax at settlement.  If you live in the home for 2 out of the past 5 years and move out of state you may be exempt from the tax. 

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