Follow the steps to accurately complete your form

1. Click ‘Get Form’ button to obtain the form and open it in the editor.
2. In the first section, enter the description and address of the property being transferred, including the property account ID number.
3. Input the date of transfer in the designated field. Ensure this reflects the effective date as defined in the applicable Maryland law.
4. Indicate if the transferor/seller is reporting gain under the installment method by checking the appropriate box.
5. Provide the transferor/seller’s identification number (either SSN or FEIN) in the designated field. Only one number should be entered.
6. If applicable, enter the spouse’s SSN in the next field.
7. Enter the name of the transferor/seller. If spouses are filing a joint return, include both names. Follow this with their street address, city, state, and ZIP code.
8. Select the appropriate type of transferor/seller from the provided options: individual, partnership, corporation, etc.
9. Complete the computation of total payment and tax to be withheld. Fill in the total sales price, subtract selling expenses, enter the net sales price, subtract any debts, and calculate the total payment.
10. Select the applicable ownership percentage and provide the share of total payment before calculating the Maryland income tax to be withheld.
11. Once all fields have been completed, confirm the information is accurate and proceed to save changes, download, print, or share the form as needed.

Ready to complete your paperwork? Start filing your documents online today.