Form GIT/REP-1 "Nonresident Seller's Tax Declaration" - New Jersey

What Is Form GIT/REP-1?

This is a legal form that was released by the New Jersey Department of the Treasury - a government authority operating within New Jersey. As of today, no separate filing guidelines for the form are provided by the issuing department.

Form Details:

  • Released on September 1, 2018;
  • The latest edition provided by the New Jersey Department of the Treasury;
  • Easy to use and ready to print;
  • Quick to customize;
  • Compatible with most PDF-viewing applications;
  • Fill out the form in our online filing application.

Download a fillable version of Form GIT/REP-1 by clicking the link below or browse more documents and templates provided by the New Jersey Department of the Treasury.

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Download Form GIT/REP-1 "Nonresident Seller's Tax Declaration" - New Jersey

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GIT/REP-1
State of New Jersey
(09-18)
NONRESIDENT SELLER’S TAX DECLARATION
(Please Print or Type)
SELLER’S INFORMATION
Name(s)
Current Street Address:
City, Town, Post Office Box
State
Zip Code
PROPERTY INFORMATION
Block(s)
Lot(s)
Qualifier
Street Address:
City, Town, Post Office Box
State
Zip Code
Seller’s Percentage of Ownership
Total Consideration
Owner’s Share of Consideration
Closing Date
SELLER’S DECLARATION
The undersigned understands that this declaration and its contents may be disclosed or provided to the New Jersey Division of Taxation and that any
false statement contained herein may be punished by fine, imprisonment, or both. I furthermore declare that I have examined this declaration and,
to the best of my knowledge and belief, it is true, correct, and complete. By checking this box
I certify that the Power of Attorney to represent
the seller(s) has been previously recorded or is being recorded simultaneously with the deed to which this form is attached.
__________________________________________
_____________________________________________________________________
Date
Signature (Seller) Please indicate if Power of Attorney or Attorney in Fact
__________________________________________
_____________________________________________________________________
Date
Signature (Seller)
Please indicate if Power of Attorney or Attorney in Fact
(Please cut along dotted line)
NJ
New Jersey Gross Income Tax
1040-ES
Declaration of Estimated Tax–VOUCHER
GIT/REP-1
1 -
OFFICIAL USE ONLY
YOUR SOCIAL SECURITY NUMBER
SPOUSE/CIVIL UNION PARTNER
Calendar Year
SOCIAL SECURITY NUMBER
/          /
/          /
Be sure to include your Social Security number on your check or
LAST NAME, FIRST NAME AND INITIAL
money order to ensure proper credit for this payment
STREET ADDRESS
CITY, STATE ZIP CODE
This payment is being made to:
Make Check Payable To: State of NJ - Division of Taxation
GIT/REP-1
Mail to:
Revenue Processing Center
X
PO Box 222
,
,
.
Trenton, NJ 08646-0222
AMOUNT OF
THIS PAYMENT
$
12 8
GIT/REP-1
State of New Jersey
(09-18)
NONRESIDENT SELLER’S TAX DECLARATION
(Please Print or Type)
SELLER’S INFORMATION
Name(s)
Current Street Address:
City, Town, Post Office Box
State
Zip Code
PROPERTY INFORMATION
Block(s)
Lot(s)
Qualifier
Street Address:
City, Town, Post Office Box
State
Zip Code
Seller’s Percentage of Ownership
Total Consideration
Owner’s Share of Consideration
Closing Date
SELLER’S DECLARATION
The undersigned understands that this declaration and its contents may be disclosed or provided to the New Jersey Division of Taxation and that any
false statement contained herein may be punished by fine, imprisonment, or both. I furthermore declare that I have examined this declaration and,
to the best of my knowledge and belief, it is true, correct, and complete. By checking this box
I certify that the Power of Attorney to represent
the seller(s) has been previously recorded or is being recorded simultaneously with the deed to which this form is attached.
__________________________________________
_____________________________________________________________________
Date
Signature (Seller) Please indicate if Power of Attorney or Attorney in Fact
__________________________________________
_____________________________________________________________________
Date
Signature (Seller)
Please indicate if Power of Attorney or Attorney in Fact
(Please cut along dotted line)
NJ
New Jersey Gross Income Tax
1040-ES
Declaration of Estimated Tax–VOUCHER
GIT/REP-1
1 -
OFFICIAL USE ONLY
YOUR SOCIAL SECURITY NUMBER
SPOUSE/CIVIL UNION PARTNER
Calendar Year
SOCIAL SECURITY NUMBER
/          /
/          /
Be sure to include your Social Security number on your check or
LAST NAME, FIRST NAME AND INITIAL
money order to ensure proper credit for this payment
STREET ADDRESS
CITY, STATE ZIP CODE
This payment is being made to:
Make Check Payable To: State of NJ - Division of Taxation
GIT/REP-1
Mail to:
Revenue Processing Center
X
PO Box 222
,
,
.
Trenton, NJ 08646-0222
AMOUNT OF
THIS PAYMENT
$
12 8
Nonresident Seller’s Tax Declaration Instructions
A nonresident individual, estate, or trust that is selling or transferring property in New Jersey and has not made the required gross
income tax estimated payment prior to closing, or is not required to do so because they meet any of the recognized exemptions, must
complete this form.
Name(s):
Enter the name of the seller. If there is more than one seller, each must complete a separate form unless they are
a married/civil union couple that files their Income Tax returns jointly.
Address:
Enter the seller’s primary residence or place of business. Do not use the address of the property being sold. The
seller is considered a nonresident unless a new residence (permanent place of abode, domicile) has been
established in New Jersey and the new residence is listed here. Part-year residents are considered nonresidents.
Property
Enter the information listed on the deed of the property being sold. Enter the seller’s percentage of ownership, the
Information:
total consideration for the transaction, the seller’s share of that consideration, and the closing date.
Consideration:
"Consideration" means, in the case of any deed, the actual amount of money and the monetary value of any other
thing of value constituting the entire compensation paid or to be paid for the transfer of title to the lands, tenements
or other realty, including the remaining amount of any prior mortgage to which the transfer is subject or that is
assumed and agreed to be paid by the grantee and any other lien or encumbrance not paid, satisfied, or removed
in connection with the transfer of title. If there is more than one owner, indicate the seller's portion of the total
consideration received. If the total consideration for the property is $1,000 or less, complete the Seller’s Residency
Certification/Exemption Form GIT/REP-3 and check box 6 under Seller’s Assurances.
Signature:
The seller must sign and date the Seller’s Declaration. If the seller has appointed a representative who is signing
the Seller’s Declaration on their behalf, either the Power of Attorney executed by the seller must have been
previously recorded or recorded with the deed to which this form is attached, or a letter signed by the seller
granting authority to the representative to sign this form must be attached.
Declaration of Estimated Tax – Voucher
The seller must complete the estimated tax voucher, including their Social Security number or federal tax identification number.
The amount of the estimated tax payment is determined by multiplying the gain from the sale of the property by the highest Gross
Income Tax rate (10.75%). In the case of estates and trusts, the gain is determined without taking into consideration any distributions
made to the beneficiaries during the taxable year. In no case can the estimated payment be less than 2% of the consideration received
for the sale. Payment must be in the form of check or money order made payable to the State of New Jersey - Division of Taxation.
The seller must give the completed GIT/REP-1 to the settlement agent (usually the buyer’s attorney or the title company) at closing,
along with the required estimated Income Tax payment. The settlement agent must file the original GIT/REP-1, payment, and deed with
the appropriate county clerk for recording. If the form is not completed in its entirety, or if the settlement agent does not submit the
original form and payment with the deed, the county clerk will not record the deed.
The county clerk will attach the top portion of Form GIT/REP-1 to the deed when it is recorded and will forward the bottom portion (NJ-
1040-ES) and the estimated tax payment to:
State of New Jersey
Revenue Processing Center
PO Box 222
Trenton, New Jersey 08646-0222.
Additional information regarding Gross Income Tax estimated payment requirements for nonresidents on the sale or transfer
of real estate can be found on the Division of Taxation’s website at www.njtaxation.org.
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