Assets Transfer Tax Declaration - New Jersey
ASSET TRANSFER
TAX DECLARATION
P.L 2007, Chapter 100 (A5002)
N.J.S.A. 54:50-38
New Jersey Division of Taxation
Bulk Transfers
Box 245
Trenton NJ 08695-0245
Form TTD
This form may be reproduced
(Please print or type)
Party Information
Seller’s Name: ________________________________ Seller’s FID/EIN_______________________
Purchaser’s Name: ____________________________ ACTUAL Date of Sale _________________
Business Type (check one)
S-Corporation * [ ] Partnership * [ ] LLC * [ ] Corpor ation [ ] Proprietor [ ] State of Formation ____
Return type filed to report gain: CBT [ ] PART [ ] NJ1040/1041 [ ] NJ1040NR [ ] TIN __________________
* If a gain is declared (Line 9), each intended K-1 recipient must complete a declar ation. Number of K-1s: [ ]
Realty Location (if applicable)
Block(s) [ ] Lot(s) [ ]
Street Address [ ]
City
[ ]
State
[ ]
Zip
[ ]
Calculatio n of Estimated Tax (to near est dollar)
See reverse side fo r specific line instructions.
1. Consi deration / Selling Price 1. $
___,___,___.
2. Settlement Charges (Not t o inc lude M ort ga ge/Loan payoff s ) 2. $
___,___,___.
3. Cost After Depreciation 3. $
___,___,___.
4. Current Year Loss 4. $
___,___,___.
5. NOL Carryover (if allowable) 5. $
___,___,___.
6. IRC Secti on 1031 Exchange (if applicable) 6. $
___,___,___.
7. Gain (subtract lines 2 through 6 fr om line 1 ) 7. $
___,___,___.
8. Amount of Gain Defer r ed (if applicable) 8. $
___,___,___.
9. Current Year Gain (su bt ract line 8 from li ne 7) 9. $
___,___,___.
10. _____ % Share o f Gain if K-1 (m ult iply line 9 by perc ent age)
10. $
___,___,___.
11. Tax Rate from NJ-1040 Schedule (not effective rate)
11.
%
_ _._ _
12. Estimated Tax on Gain Due (line 10 multiplied by line 11) 12. $
___,___,___.
Will there be installment proceeds? Yes [ ] No [ ] (i f yes, give details on revers e sid e.)
Taxpayer’s Declaration
I declare that all the information on this declaration is correct. I am aware that if any of the foregoing information provided by me is
knowingly
false, I am subject to punishment.
Date ____________________ Owner/Partner/Member S ig nat ure ____ _____ ____ ____ ____ __________________________________
Print ______________________________________________________________________________
T it le ____ ____ ____ __________________________________________________________________
(Rev 04-13 1.3.0)
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