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I am expecting a large check (ca 70k) from the IRS for a withholding of a house we sold back in 2013 (I finally got the ok that I will get the withholding back). (We didn't live in the US anymore and so a withholding was put on it) Now I wonder if the withholding is considered income and therefore subject to be taxable in any shape or form?

Thanks :)

Sebastian
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1 Answers1

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It is not

Withholding is money FROM your income being hold back to pay the tax. If the tax turns out to be lower, then the leftover is returned (in your case all). As such, that is not income.

TomTom
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