Clear This Page
Fill in Tax Year
Form
Written Affirmation for Withholding on
WC
an Oregon Real Property Conveyance
Name(s) of individual or C corporation transferring property (transferor)
Transferor is (check one)
Individual
C corporation
Transferor’s address
City
State
ZIP code
Transferor’s Social Security number (SSN)/BIN
Transferor’s federal employer identification number (FEIN)
Percentage of ownership interest in property
Date acquired
Transferor’s daytime telephone number
(
)
Address of property conveyed
Type of property conveyed
Specially assessed
Undeveloped land
Acquired as gift
Rental property
Farm use
Other: __________________________________________________________________
Part A: Exemption from withholding
I (we) hereby affirm that I am (we are) the transferor(s) of the property described above, and that as of the date of closing, I have (we have)
knowledge (or have received advice from a tax professional) that there is no tax likely to be due under Oregon Revised Statutes (ORS)
Chapters 118, 316, 317, or 318. Enter explanation and calculation below, or attach separate page.
Part B: Calculation of gain and withholding amount
Use this section to calculate Oregon tax required to be withheld on transfers of real property. The amount of tax sent to the Oregon
Department of Revenue by the authorized agent will be credited to the Oregon income tax account of the transferor as an estimated
payment.
1. Consideration. Amount of seller’s share of sales price .................................................................................... 1
2. Multiply line 1 by 4% (0.04) .............................................................................................. 2
3. Net proceeds. (“cash to seller”) ...................................................................................... 3
4. Your federal or Oregon adjusted basis in the property, whichever is greater (attach separate
basis calculation) ................................................................................................................................................ 4
5. Selling costs directly related to this conveyance not already included in the basis calculation ........................ 5
6. Add lines 4 and 5 ............................................................................................................................................... 6
7. Taxable gain. Subtract line 6 from line 1 ........................................................................................................... 7
8. Reduce gain by applicable nonrecognition section under federal law. Enter IRC section ________ ................. 8
9. Subtract line 8 from line 7 .................................................................................................................................. 9
10. Multiply line 9 by 8% (0.08) ............................................................................................ 10
11. Withholding. Enter the least of lines 2, 3, or 10 .............................................................................................. 11 $
I (we) certify under penalty of perjury the above statements are true. I (we) understand that the amount shown on line 11 is being remit-
ted. If the amount on line 11 is zero, no withholding is being made. [Corporate officers, fiduciaries, or other qualified persons signing on
behalf of the taxpayer(s): By signing, I also certify that I have the authority to execute this form.]
Signed under penalty of perjury:
Transferor’s signature
Date
Spouse’s/RDP’s signature (if applicable)
Date
KEEP This FORM iN AuThORizED AgENT’s RECORDs FOR six YEARs FROM DATE sigNED
Mail to: Oregon Department of Revenue, 955 Center st NE, salem OR 97301
150-101-183 (Rev. 10-11)