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  • Delaware Form 5403 For 2014

Get Delaware Form 5403 For 2014

Ransfer: Transferor/Seller is: (Month/Date/Year) 3. Transferor or Seller Acquired Property By: Individual or Revocable Living Trust Corporation Trust or Estate Business Trust Partnership S Corporation Limited Liability Company Other Purchase Gift Inheritance 1031 Exchage Foreclosure/Repossession Other: Transferor/Seller s name; SSN or EIN; and address to which correspondence is to be mailed after settlement. (Enter only one name and SSN or EIN per return. If more than one transferor/ sel.

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First-time buyers in Delaware typically qualify for state-level exemptions. For example, Delaware first-time buyers automatically qualify for a state transfer tax exemption on a purchase price up to $400,000. First-time buyers purchasing property worth more than $400,000 will pay 1.25% of the amount above $400,000.

In Delaware, capital gains on real estate investments are considered to be income and therefore subject to taxation at Delaware's capital gains rate.

Delaware form 5403 is a real estate tax return that helps nonresidents individuals and companies pay their share of taxes on any gains they've had on sale of their investment or rental property.

Capital Gains Tax Any gain from the sale of real estate in Delaware by an individual that lives in a different state is taxed at 6.75 percent. This applies to any gain minus any expenses of selling the real estate.

The Division of Revenue links for online filing options are available at https://revenue.delaware.gov/file/.

How to avoid capital gains tax on real estate Live in the house for at least two years. The two years don't need to be consecutive, but house-flippers should beware. ... See whether you qualify for an exception. ... Keep the receipts for your home improvements.

Cost of selling a home in Delaware Transfer taxes: Delaware has the highest state real estate transfer tax in the country: 4 percent of the purchase price, with 2.5 percent going to the state and 1.5 percent to the county.

Delaware follows the federal rule, so if you don't have to pay capital gains tax to the IRS, you won't have to pay taxes to the state, either — with one exception. If you don't live in Delaware and you sell Delaware real estate, your gains will be taxed at a rate of 6.75%.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
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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