Form NR-AF2 "Affidavit of Seller's Gain" - Alabama

What Is Form NR-AF2?

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

Form Details:

  • Released on June 1, 2013;
  • The latest edition provided by the Alabama 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 NR-AF2 by clicking the link below or browse more documents and templates provided by the Alabama Department of Revenue.

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Download Form NR-AF2 "Affidavit of Seller's Gain" - Alabama

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Form NR-AF2
LABAMA
EPARTMENT OF
EVENUE
6/13
I
& C
T
D
NDIVIDUAL
ORPORATE
AX
IVISION
W
T
S
ITHHOLDING
AX
ECTION
P.O. Box 327480 • Montgomery, AL 36132-7480
www.revenue.alabama.gov
Affidavit of Seller’s Gain
SELLER’S NAME (AND SPOUSE’S NAME, IF JOINTLY OWNED)
SELLER’S IDENTIFICATION NUMBER (SSN OR FEIN)
*
SPOUSE’S IDENTIFICATION NUMBER (IF JOINTLY OWNED)
*
STREET ADDRESS
CITY
STATE
ZIP
INSTRUCTIONS
A nonresident seller is required to execute this form and present it to the buyer when the seller wishes to establish the gain to be recognized
from a sale of real property. Withholding is imposed on gain by the Alabama Department of Revenue under Section 40-18-86, Code of Alabama
1975. In order to be subject to withholding only upon the gain recognized, the seller must submit this affidavit to the buyer. The buyer may rely
on the seller’s affidavit unless the buyer knows or should know, based on the buyer’s knowledge at the time of closing, that statements made on
the affidavit are false. The buyer has no duty to investigate the statements made on a seller’s affidavit.
“Net proceeds” means the amount of money and other consideration received by the seller after deducting mortgage or other secured debt, ad
valorem taxes, sales commissions, title premiums, survey expense, costs for environmental and other reports, and all other closing costs and
expenses.
The seller is to complete this document by calculating the gain in the below schedule. The seller should retain a copy of the documentation of
the cost basis, depreciation, and selling expenses claimed. That documentation should only be provided to the Department when requested.
However, this form, Form NR-AF2, along with Form WNR, Form WNR-V, and any remittance must be mailed to the Alabama Department of
Revenue, Individual and Corporate Tax Division, P.O. Box 327480, Montgomery, AL 36132-7480. The buyer should retain a copy of these
documents.
*For privacy and confidentiality purposes, the SSN or FEIN of the seller and of the buyer may be omitted or deleted from copies of all
documents exchanged between the parties involved. However, all documents required to be submitted to the Alabama Department of
Revenue must contain the complete SSN or FEIN information on the original copy mailed to the Department.
1
1. Sales Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2. Cost Basis Including Improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3. Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4. Adjusted Cost Basis (line 2 minus line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5. Selling Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6. Net Taxable Gain (Loss) (line 1 minus lines 4 and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7. Amount of Net Proceeds Received by Seller From The Transaction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Under penalties of perjury, I swear that the above information is to the best of my knowledge and belief, true, correct, and complete.
SELLER’S SIGNATURE (AND TITLE, IF APPLICABLE)
DATE
SPOUSE’S SIGNATURE (AND TITLE, IF APPLICABLE)
DATE
Sworn to and subscribed before me this
______day of _______________________, _______
____________________________________________ Notary Public
My commission expires ________________________
Reset Form
A
D
R
Form NR-AF2
LABAMA
EPARTMENT OF
EVENUE
6/13
I
& C
T
D
NDIVIDUAL
ORPORATE
AX
IVISION
W
T
S
ITHHOLDING
AX
ECTION
P.O. Box 327480 • Montgomery, AL 36132-7480
www.revenue.alabama.gov
Affidavit of Seller’s Gain
SELLER’S NAME (AND SPOUSE’S NAME, IF JOINTLY OWNED)
SELLER’S IDENTIFICATION NUMBER (SSN OR FEIN)
*
SPOUSE’S IDENTIFICATION NUMBER (IF JOINTLY OWNED)
*
STREET ADDRESS
CITY
STATE
ZIP
INSTRUCTIONS
A nonresident seller is required to execute this form and present it to the buyer when the seller wishes to establish the gain to be recognized
from a sale of real property. Withholding is imposed on gain by the Alabama Department of Revenue under Section 40-18-86, Code of Alabama
1975. In order to be subject to withholding only upon the gain recognized, the seller must submit this affidavit to the buyer. The buyer may rely
on the seller’s affidavit unless the buyer knows or should know, based on the buyer’s knowledge at the time of closing, that statements made on
the affidavit are false. The buyer has no duty to investigate the statements made on a seller’s affidavit.
“Net proceeds” means the amount of money and other consideration received by the seller after deducting mortgage or other secured debt, ad
valorem taxes, sales commissions, title premiums, survey expense, costs for environmental and other reports, and all other closing costs and
expenses.
The seller is to complete this document by calculating the gain in the below schedule. The seller should retain a copy of the documentation of
the cost basis, depreciation, and selling expenses claimed. That documentation should only be provided to the Department when requested.
However, this form, Form NR-AF2, along with Form WNR, Form WNR-V, and any remittance must be mailed to the Alabama Department of
Revenue, Individual and Corporate Tax Division, P.O. Box 327480, Montgomery, AL 36132-7480. The buyer should retain a copy of these
documents.
*For privacy and confidentiality purposes, the SSN or FEIN of the seller and of the buyer may be omitted or deleted from copies of all
documents exchanged between the parties involved. However, all documents required to be submitted to the Alabama Department of
Revenue must contain the complete SSN or FEIN information on the original copy mailed to the Department.
1
1. Sales Price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
2
2. Cost Basis Including Improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . .
3
3. Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
4
4. Adjusted Cost Basis (line 2 minus line 3) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
5
5. Selling Expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
6
6. Net Taxable Gain (Loss) (line 1 minus lines 4 and 5) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
7
7. Amount of Net Proceeds Received by Seller From The Transaction . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Under penalties of perjury, I swear that the above information is to the best of my knowledge and belief, true, correct, and complete.
SELLER’S SIGNATURE (AND TITLE, IF APPLICABLE)
DATE
SPOUSE’S SIGNATURE (AND TITLE, IF APPLICABLE)
DATE
Sworn to and subscribed before me this
______day of _______________________, _______
____________________________________________ Notary Public
My commission expires ________________________