In the event a non-resident of Rhode Island is selling Rhode Island real estate, a certain percentage of that seller’s net proceeds will be withheld and submitted to the Rhode Island Division of Taxation. 6% of net proceeds will be withheld from individual sellers, trusts, estates, and partnerships. 7% will be withheld from corporations. The non-resident seller must submit a tax return to the Division of Taxation in order to determine the actual tax amount due and receive a refund of any excess proceeds that were withheld. Non-resident sellers may pre-file with the Division of Taxation to avoid the non-resident withholding and obtain the actual tax amount to be paid at closing.