Tax tangible repossessed 2026

1. Click ‘Get Form’ to open the tax tangible repossessed document in the editor.
2. Begin by entering the Sales Tax Certificate of Registration Number at the top of the form. This identifies your business for tax purposes.
3. In the 'Customer's Name' field, input the name of the customer from whom the property was repossessed.
4. Describe the repossessed property in the 'Property Description' section, ensuring clarity and detail.
5. Fill in the 'Date Tax Paid' field with the date you paid sales or use tax to the Florida Department of Revenue.
6. Complete 'Sales Tax Paid on Original Purchase' by including any discretionary sales surtax applicable.
7. Calculate and enter either 'Purchase Price Less Trade-In' or 'Purchase Price Less Trade-In Less Cash Down', but not both.
8. Indicate the length of your contract in months and calculate your monthly payment prorated based on previous entries.
9. Enter the applicable sales or use tax rate, then multiply it by your monthly payment to find your tax credit.
10. Finally, provide details about unpaid payments and indicate the actual date of repossession before certifying your information at the bottom.

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