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Get Seller Residency Certificationexemption C 55 Pl 2004 Form
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How to fill out the Seller Residency Certificationexemption C 55 Pl 2004 Form online
Filling out the Seller Residency Certificationexemption C 55 Pl 2004 form is a critical step for individuals, estates, or trusts selling property in New Jersey. This guide provides comprehensive, step-by-step instructions to help you complete the form online efficiently.
Follow the steps to complete the form accurately.
- Click the ‘Get Form’ button to retrieve the Seller Residency Certificationexemption C 55 Pl 2004 form and open it in your preferred online editing tool.
- In the 'Seller(s) Information' section, enter the names of all sellers. If there is more than one seller, separate forms must be used, except for partners who file jointly. Provide the current residential address, including street, city, state, and zip code.
- In the 'Property Information' section, include a brief description of the property. Fill in the block number, lot number, qualifier, street address, city, state, zip code, percentage of ownership, and total consideration for the property. The total consideration refers to the full monetary value exchanged for the property.
- Review the 'Seller Assurances' section. Check the box that applies to your situation, confirming eligibility for an exemption from gross income tax payment. Ensure that you understand each assurance, as this determines your tax obligations.
- In the 'Seller(s) Declaration' section, read the declaration carefully. Sign and date the form, ensuring accuracy and completeness. If a representative is signing on behalf of the seller(s), ensure that a Power of Attorney is appropriately recorded.
- Once the form is fully completed, save the changes. You can download, print, or share the form as necessary for submission. Ensure you have the final version ready for your closing process.
Complete your Seller Residency Certificationexemption C 55 Pl 2004 form online today to ensure a smooth property transaction.
“The real property sold or transferred is used exclusively as a principal residence as defined in 26 U.S. Code section 12. Since your home was your principal residence for at least 24 out of the prior 60 months there will be no taxable gain and no estimated tax payment will be required,” Kiely said.
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