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Instructions - Brandon W. Frazier, Attorney at Law, PLLC 2026
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- Click ‘Get Form’ to open it in the editor.
- Begin with Part 1, where you will enter the purchaser's name and address, along with the property details including the date and tax map parcel number.
- Proceed to Schedule A to compute the total tax to be withheld. Enter the total from Schedule B, calculate 5% of that amount, and determine the net proceeds payable to the seller.
- In Schedule B, list each seller’s name and address, their percentage of ownership, share of gross proceeds, and any gain reported in an affidavit.
- Complete Schedule C by distributing the tax withheld among sellers based on their ownership percentages.
- Ensure all parts are filled accurately; attach any necessary affidavits before submitting Part 1 to the State Tax Commission.
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