Form GIT / REP-2 Nonresident Seller's Tax Prepayment Receipt - New Jersey

What Is Form GIT/REP-2?

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.

FAQ

Q: What is the GIT/REP-2 form?A: The GIT/REP-2 form is the Nonresident Seller's Tax Prepayment Receipt used in New Jersey.

Q: Who needs to fill out the GIT/REP-2 form?A: The form should be completed by nonresident sellers who are selling property in New Jersey.

Q: What is the purpose of the GIT/REP-2 form?A: The form is used to prepay the estimated income tax due from the sale of real property by nonresident sellers.

Q: What information is required on the GIT/REP-2 form?A: You will need to provide details about the property being sold, the seller's contact information, and the estimated gain on the sale.

Q: When should the GIT/REP-2 form be filed?A: The form should be filed at least 10 days before the settlement or closing of the property sale.

Q: Is there a fee to file the GIT/REP-2 form?A: Yes, there is a $125 fee to file the form, which can be paid by check or money order.

Q: What happens after I file the GIT/REP-2 form?A: After filing the form, you will receive a receipt that serves as proof of tax prepayment.

Q: Do I need to file any other forms along with the GIT/REP-2 form?A: Yes, you will also need to file the Nonresident Seller's Tangible Return (GIT/REP-3) and the Nonresident Seller's Tax Declaration (GIT/REP-4) forms.