West Virginia - WV/NRSR: Return of Income Tax Withholding for Nonresident Sale of Real Property
The WV/NRSR form is used to report and collect West Virginia income tax from nonresidents who sell real property located within the state. This form ensures timely and accurate tax collection at the time of sale or transfer.
Purpose of WV/NRSR
- Designed to collect income tax from nonresident sellers of real property in West Virginia.
- Used to determine the amount of tax withholding due on the sale of real estate.
- Must be completed and filed with the Tax Division prior to submitting a tax return for nonresident real estate transactions.
Who Must File WV/NRSR?
- Nonresidents selling real property located in West Virginia.
- Real estate transactions involving nonresident sellers require this form regardless of whether the seller is an individual, partnership, or S corporation.
Key Instructions for Filing
- Complete Form WV/NRSR before submitting your tax return.
- On line 15 of your West Virginia tax return, mark the box and submit Schedule D, Form 8949, or Form 4797 from your federal return.
- For C corporations, the withheld tax must be claimed as a withholding income tax payment on Form WV/CNF120.
- S corporations, partnerships, and LLCs must allocate any tax paid to nonresident shareholders, partners, or members and report it on a modified federal Schedule K-1 or WV statement.
Payment and Submission
- Make checks or money orders payable to "WEST VIRGINIA STATE TAX DEPARTMENT".
- Mail to: Tax Account Administration Division, PO Box 784, Charleston, WV 25323-0784.
- Submit one check per NRSR form to prevent processing delays.
Important Notes
- The form is required for all nonresident real estate sales in West Virginia.
- Tax withheld must be reported and allocated properly to nonresident owners.
- Failure to file WV/NRSR may result in penalties or delays in processing your return.
Source:
Return of Income Tax Withholding for Nonresident Sale of Real Property (WV/NRSR)
West Virginia Personal Income Tax Information and Instructions
Disclaimer: Always verify with official Federal or State Department of Revenue Forms and Instructions for the most current and accurate information.