Retreat ESTATE TAX RETURN DECLARATION OF ESTIMATED INCOME TAX1. Delaware Division of Revenue DO NOT WRITE OR STAPLE IN THIS AREA FORM 5403 820 N. French Street, P.O. Box 8763 Wilmington, DE 198998763.
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How to fill out the DE DoR Form 5403 online
This guide provides step-by-step instructions for filling out the DE DoR Form 5403 online. Designed for individuals with varying levels of experience, this resource aims to simplify the process and ensure all necessary information is accurately entered.
Follow the steps to complete the DE DoR Form 5403 online.
- Click ‘Get Form’ button to obtain the form and open it in your preferred online editor.
- Begin by entering the description and address of the property transferred, including the tax parcel number and the date of transfer.
- Select the correct box indicating whether the Transferor/Seller is an individual, revocable living trust, corporation, trust or estate, business trust, partnership, S corporation, limited liability company, or another category.
- Indicate how the Transferor/Seller acquired the property by checking the appropriate box, such as purchase or gift.
- Fill in the Transferor/Seller’s name, Social Security Number (SSN) or Employer Identification Number (EIN), and the address for correspondence following settlement. Only enter one name and SSN or EIN per return.
- If applicable, check the appropriate box in Section 5 to denote if the Transferor/Seller is a resident, pass-through entity, or corporation and if they are exempt from certain taxes. Only check one box.
- Complete Line 6 by: entering the total sales price in line 6.a, the selling expenses or reductions in line 6.b, and calculating the net sales price in line 6.c by subtracting line 6.b from line 6.a.
- For lines 6.d and 6.e, enter the adjusted basis of the property and calculate the total gain by subtracting line 6.d from line 6.c.
- In line 6.f, calculate the Delaware estimated income tax due by multiplying line 6.e by 8.7% if it's a C corporation, and by 6.6% for all other entities.
- If applicable, check the box in line 7 if the Transferor/Seller is reporting gain under the installment method, noting that no tax is payable at this time.
- Enter the amount of Delaware estimated income tax due on line 8, unless line 7 has been completed.
- Finally, the Transferor/Seller must sign the form, print their full name, and add their title if relevant. Ensure the completed form is submitted with necessary payments.
Complete the DE DoR Form 5403 online to ensure a smooth transaction.
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