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  • South Carolina 2010 Wh 1606 Form

Get South Carolina 2010 Wh 1606 Form

Outh Carolina requires withholding from: Wages Prizes Royalties Winnings Nonresident contractors (contracts exceeding $10,000.00) Rental payments made to nonresidents who own five or more residential units or one or more commercial properties in South Carolina Net proceeds going to nonresident sellers of real estate and associated tangible personal property located in South Carolina. How to Register for a Withholding Number You must apply for a South Carolina Withhol.

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7% of Gain Withholding South Carolina Code Section 12-8-580 mandates that anyone purchasing real property in South Carolina from a nonresident Seller must withhold seven percent (7%) of the gain recognized on the sale by the nonresident Seller.

You must withhold South Carolina state taxes at the same time wages are earned by employees working in South Carolina. An employee who works in another state but is a resident of South Carolina will have taxes withheld for the other state.

Give us a call at 1-844-898-8542 or email forms@dor.sc.gov so we can direct you to the proper form, or discuss the online filing option that best fits your needs. Filing online using MyDORWAY makes finding the right form easy!

In South Carolina, non-residents may be subject to withholding on their gain amounts. The South Carolina Code of Laws, Section 12-8-580, says that the purchasers are to withhold 7% of gain for individuals and 5% of gain for corporations that are considered a non-resident seller.

Long-term capital gains are included in South Carolina taxable income and taxed at rates up to 7%. However, you can subtract up to 44% of your net South Carolina capital gains, so if you sell a home in South Carolina for a $100,000 profit, your South Carolina tax on that gain would be approximately $3,920.

Six states have wage or income withholding thresholds for nonresident employees. California. Idaho. Minnesota. Oklahoma. South Carolina. Wisconsin.

Employee instructions Complete the SC W-4 so your employer can withhold the correct South Carolina Income Tax from your pay.

A Nonresident is an individual that has a permanent home outside of South Carolina and the definition of resident does not apply. A Part-Year Resident is an individual that moved into or out of the state during the tax year.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232