I have a deed being filed that does not require a Sales Disclosure form; however, the buyer would like to use the form for the Homestead deduction. What should be done?
The sales disclosure form is only to be used for a deduction filing when filing a true conveyance document under the Sales Disclosure statute. In the event that it is not required, the buyer should use the traditional Homestead deduction form. However, in the event of a good-faith submission by a grantee of a non-required SDF with a Homestead application, deference should be given to the taxpayer to ensure that they get the deductions they’ve applied for.
