Form Ttd - Asset Transfer Tax Declaration

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ASSET TRANSFER
TAX DECLARATION
P.L 2007, Chapter 100 (A5002)
N.J.S.A. 54:50-38
New Jersey Division of Taxation
Form TTD
Bulk Transfers
This form may be reproduced
Box 245
(Please print or type)
Trenton NJ 08695-0245
Party Information
Seller’s Name: ________________________________
Seller’s FID/EIN_______________________
Purchaser’s Name: ____________________________
ACTUAL Date of Sale _________________
Business Type (check one)
*
*
S-Corporation * [ ] Partnership
[ ]
LLC
[ ] Corporation [ ]
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 declaration. Number of K-1s:
Realty Location (if applicable)
[
]
[
]
Block(s)
Lot(s)
[
]
Street Address
[
]
[
]
[
]
City
State
Zip
Calculation of Estimated Tax (to nearest dollar)
See reverse side for specific line instructions.
_ _ _ , _ _ _ , _ _ _ .
1. Consideration / Selling Price
1.
$
_ _ _ , _ _ _ , _ _ _ .
2. Settlement Charges (Not to include Mortgage/Loan payoffs)
2.
$
_ _ _ , _ _ _ , _ _ _ .
3. Cost After Depreciation
3.
$
_ _ _ , _ _ _ , _ _ _ .
4. Current Year Loss
4.
$
_ _ _ , _ _ _ , _ _ _ .
5. NOL Carryover
5.
$
(if allowable)
_ _ _ , _ _ _ , _ _ _ .
6. IRC Section 1031 Exchange
6.
$
(if applicable)
_ _ _ , _ _ _ , _ _ _ .
7. Gain (subtract lines 2 through 6 from line 1)
7.
$
_ _ _ , _ _ _ , _ _ _ .
8. Amount of Gain Deferred
8.
$
(if applicable)
_ _ _ , _ _ _ , _ _ _ .
9. Current Year Gain (subtract line 8 from line 7)
9.
$
_ _ _ , _ _ _ , _ _ _ .
10. _____ % Share of Gain if K-1 (
10.
$
multiply line 9 by percentage)
_ _ ._ _
%
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 [ ] (if yes, give details on reverse side.)
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 Signature _______________________________________________________
Print ______________________________________________________________________________
Title ______________________________________________________________________________
(Rev 04-13 1.3.0)

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