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 August 1, 2019;
  • 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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State of New Jersey
GIT/REP-1
(8-19)
Nonresident Seller’s Tax Declaration
(Print or type)
Seller’s Information
Name(s)
Current Street Address
City, Town, Post Office
State
ZIP Code
Property Information
Block(s)
Lot(s)
Qualifier
Street Address
City, Town, Post Office
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)
Indicate if Power of Attorney or Attorney in Fact
Date
Signature (Seller)
Indicate if Power of Attorney or Attorney in Fact
Cut Along Dotted Line
NJ Gross Income Tax Declaration of Estimated Tax
Social Security Number (required)
Spouse/CU Partner Social Security Number
NJ-1040-ES
-
-
-
-
GIT/REP-1
1 - OFFICIAL USE ONLY
Calendar Year
Last Name, First Name, Initial
Be sure to include your Social Security number on your check or
Home Address (Number and Street, including apartment number)
money order to ensure proper credit for this payment.
Make Check Payable To: State of NJ – Division of Taxation
City, Town, Post Office
State
ZIP Code
This payment is being made to:
State of New Jersey
Mail to:
Division of Taxation
GIT/REP-1
Revenue Processing Center
Enter amount of payment here:
PO Box 222
$
Trenton, NJ 08646-0222
,
,
.
01208
State of New Jersey
GIT/REP-1
(8-19)
Nonresident Seller’s Tax Declaration
(Print or type)
Seller’s Information
Name(s)
Current Street Address
City, Town, Post Office
State
ZIP Code
Property Information
Block(s)
Lot(s)
Qualifier
Street Address
City, Town, Post Office
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)
Indicate if Power of Attorney or Attorney in Fact
Date
Signature (Seller)
Indicate if Power of Attorney or Attorney in Fact
Cut Along Dotted Line
NJ Gross Income Tax Declaration of Estimated Tax
Social Security Number (required)
Spouse/CU Partner Social Security Number
NJ-1040-ES
-
-
-
-
GIT/REP-1
1 - OFFICIAL USE ONLY
Calendar Year
Last Name, First Name, Initial
Be sure to include your Social Security number on your check or
Home Address (Number and Street, including apartment number)
money order to ensure proper credit for this payment.
Make Check Payable To: State of NJ – Division of Taxation
City, Town, Post Office
State
ZIP Code
This payment is being made to:
State of New Jersey
Mail to:
Division of Taxation
GIT/REP-1
Revenue Processing Center
Enter amount of payment here:
PO Box 222
$
Trenton, NJ 08646-0222
,
,
.
01208
GIT/REP-1
Page 2
(8-19)
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 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 Information. Enter the information listed on the deed of the property being sold. Enter the seller’s percentage of ownership, the
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 tax year. In no case can the estimated payment be less than 2% of the consideration received for the sale. Pay-
ment 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 ap-
propriate 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 is available on the Division of Taxation’s website at njtaxation.org .
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