Form DT1 Deed Tax - Minnesota

Form DT1 Deed Tax - Minnesota

What Is Form DT1?

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

FAQ

Q: What is Form DT1?A: Form DT1 is the Deed Tax form used in Minnesota.

Q: What is Deed Tax?A: Deed Tax is a tax imposed on the transfer of real property in Minnesota.

Q: Who needs to file Form DT1?A: The person or entity transferring the real property is responsible for filing Form DT1.

Q: What information is required on Form DT1?A: Form DT1 requires information such as the names of the grantor and grantee, property description, and sale price.

Q: Is there a deadline for filing Form DT1?A: Yes, Form DT1 must be filed within 30 days of the transfer of the real property.

Q: How much is the Deed Tax in Minnesota?A: The Deed Tax rate in Minnesota varies depending on the county and the value of the property.

Q: Are there any exemptions to the Deed Tax?A: Yes, certain transfers of real property are exempt from the Deed Tax. It is best to consult the Minnesota Department of Revenue or a qualified tax professional for more information.

Q: What happens if I don't file Form DT1?A: Failure to file Form DT1 or pay the required Deed Tax may result in penalties and interest.

Q: Can I e-file Form DT1?A: Yes, electronic filing is available for Form DT1 in Minnesota.

ADVERTISEMENT

Form Details:

  • Released on April 1, 2021;
  • The latest edition provided by the Minnesota Department of Revenue;
  • 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 DT1 by clicking the link below or browse more documents and templates provided by the Minnesota Department of Revenue.

Download Form DT1 Deed Tax - Minnesota

4.8 of 5 (14 votes)
  • Form DT1 Deed Tax - Minnesota, Page 1
ADVERTISEMENT