Form Rw-171 - Vermont Withholding Tax Return For Transfer Of Real Property Page 4
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4VERMONT WITHHOLDING TAX RETURN FOR TRANSFER OF REAL PROPERTY
(Form RW-171, Schedule A)
LINE-BY-LINE INSTRUCTIONS
(Use Blue or Black ink Only)
If the seller is a Partnership, Trust, Limited Liability Company, S-Corporation, Corporation, Composite Business Entity or there
are multiple sellers, the buyer must fill out a separate Schedule A for each individual or entity receiving proceeds from the
property disposition. (Husband and wife may be included on a single Schedule A.)
Line 1
Partnerships, S-Corporations, Trusts, and Limited Liability Companies, please check box “Individual” and complete
a Schedule A for each individual receiving proceeds from the sale. C-Corporations and Composite Business Entities
check appropriate box. A composite business entity is a pass-through business (i.e. S-Corp, Partnership, or LLC)
that has made an election to be taxed at the entity level with respect to income flowing to the non-VT resident owners.
If any or all of the seller’s income is taxed as composite, check the box in Line 1, provide the business FID and Name
in Lines 3 and 4, and complete the rest of the form. This will ensure that the withholdings are credited to the proper
account.
Lines 2-6 Enter the social security number or federal ID number, name, and address of the individual or entity.
Line 7
Enter the location of the property, including town and street address.
Line 8
Enter the date the property was acquired by the seller.
Line 9
Enter the date of this transfer.
Line 10 Enter the total contract sales price from Line 12, page 1.
Line 11 Enter the percentage of the total proceeds from the property transfer that was received by this particular individual
or entity. The percentages reported for all Schedule “A”s must add up to 100%.
Line 12 Enter the amount of tax withheld on behalf of this taxpayer. NOTE: The amount of tax withheld on behalf of each
seller should be in proportion to that seller’s share of the proceeds as reported on Line 11. If a seller claims a real
estate withholding amount that is not proportionate to that seller’s share of the proceeds, please provide supporting
documentation.
Lines 13-14
If the individual identified above is a shareholder, partner, or member of an S-corporation, Partnership or LLC
that owned and sold the real property, and the entity has not elected to file a composite return, please provide the
name and FID number of the business. This will enable the VT Department of Taxes to credit the business for the
associated payments, and reduce the chance of the business being assessed for underpayment of estimated tax.
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