Get Instructions For Transferor - E-file Magic

Filling out the Instructions for Transferor - E-File Magic online can streamline your real estate transaction reporting. This guide provides a detailed, user-friendly overview of each section and field within the form to help ensure accuracy and compliance.

Follow the steps to successfully complete your form.

1. Click the ‘Get Form’ button to access the Instructions for Transferor. This will open the document so you can start filling it out.
2. Enter the filer's name along with the street address, city, state, ZIP code, and telephone number in the designated fields. Make sure this information is accurate, as it is crucial for processing.
3. Input the date of closing in the appropriate field. It is important to use the correct date to ensure proper record-keeping.
4. Next, enter the gross proceeds from the real estate transaction in the corresponding field. This should reflect the sales price and include any cash or notes payable to you.
5. Fill in the transferor’s identification number, which may only show the last four digits for your protection. The issuer has reported the full number to the IRS.
6. Provide the address or legal description of the property transferred in the specified field to aid in proper identification.
7. If applicable, check the box indicating that the transferor received or will receive property or services as part of the consideration. This step is crucial for accurate reporting.
8. Include the buyer’s part of real estate tax in the designated box. This is important for determining your tax obligations.
9. Review all entries for accuracy before finalizing. Ensure all required fields are completed.
10. Once finished, save your changes, and you can download, print, or share the form as needed.

Complete your documents online to ensure timely and accurate filing.