Form rew 5 2013-2025

Show details

4.3 out of 5

61 votes

The document is a request form (FORM REW-5) for exemption or reduction in withholding of Maine income tax on the sale of real property. It must be completed by the seller and submitted prior to closing, detailing the seller's information, property acquisition details, and tax reporting methods. The form outlines requirements for supporting documentation and provides options for requesting either an exemption or reduced withholding rate.

Here's how it works

01. Edit your maine rew online

Type text, add images, blackout confidential details, add comments, highlights and more.

02. Sign it in a few clicks

Draw your signature, type it, upload its image, or use your mobile device as a signature pad.

03. Share your form with others

Send it via email, link, or fax. You can also download it, export it or print it out.

The best way to modify Form rew 5 2013 online

Ease of Setup

DocHub User Ratings on G2

Ease of Use

DocHub User Ratings on G2

With DocHub, making changes to your documentation takes only a few simple clicks. Follow these quick steps to modify the PDF Form rew 5 2013 online for free:

Register and log in to your account. Log in to the editor with your credentials or click on Create free account to examine the tool’s functionality.
Add the Form rew 5 2013 for redacting. Click on the New Document button above, then drag and drop the document to the upload area, import it from the cloud, or via a link.
Adjust your document. Make any changes needed: insert text and pictures to your Form rew 5 2013, highlight details that matter, remove parts of content and substitute them with new ones, and add icons, checkmarks, and areas for filling out.
Complete redacting the template. Save the updated document on your device, export it to the cloud, print it right from the editor, or share it with all the parties involved.

Our editor is super intuitive and effective. Try it out now!

See more form rew 5 2013 versions

We've got more versions of the form rew 5 2013 form. Select the right form rew 5 2013 version from the list and start editing it straight away!

Versions	Form popularity	Fillable & printable
2023	4.4 Satisfied (24 Votes)
2022	4.8 Satisfied (116 Votes)
2021	4.3 Satisfied (151 Votes)
2020	4.4 Satisfied (261 Votes)
2018	4.2 Satisfied (39 Votes)
2017	4.3 Satisfied (187 Votes)
2016	4.4 Satisfied (137 Votes)
2015	4 Satisfied (24 Votes)
2013	4.3 Satisfied (61 Votes)

be ready to get more

Complete this form in 5 minutes or less

Get form

Got questions?

We have answers to the most popular questions from our customers. If you can't find an answer to your question, please contact us.

How to calculate tax on real estate sale?

As with other assets such as stocks, capital gains on a home are equal to the difference between the sale price and the sellers basis. Your basis in your home is what you paid for it, plus closing costs and non-decorative investments you made in the property, like a new roof.

What is the sales tax on a house in Maine?

Maine also has a 5.50 percent state sales tax rate and does not have local sales taxes. Maine has a 0.96 percent effective property tax rate on owner-occupied housing value.

How is property tax calculated in Maine?

Percentage Value For example, if your home is valued at $100,000 and the mill rate is 20, then your property taxes are equal to 2% of your homes value; if the mill rate is 15, then it is 1.5% of the homes value; 10 mills is 1%.

What is the REW tax in Maine?

The amount to be withheld is equal to 2.5% of the sale price. Note that for sales occurring on or after January 1, 2021, this withholding requirement applies to sales of property only when the consideration paid is $100,000 or more (previously $50,000).

Do you have to pay taxes when you sell a house in Maine?

Note: Federally taxable gains on the sale of Maine real property are taxable by Maine, even if the total consideration is less than $100,000.

How to figure out Maine sales tax?

Multiply all applicable purchases by 5.5% to find your 2024 Maine use tax.

Is Maine a mandatory withholding state?

You are required to withhold Maine income tax if: You maintain an office in Maine or transact business in Maine; You make payments to individuals (resident or nonresident) who are taxable to Maine; and. You are required to withhold federal income tax from those payments.

Form rew 5 2013-2025

Here's how it works