What does the transferee premises show on its Reports and Returns?
The transferee shows the receipt of wine transferred in bond from the producing winery on its Report of Wine Premises Operations Form 5120.17. When the producer asks the transferee to make the taxable removal with its credit, the transferee shows the taxable removal of the wine from its Report of Wine Premises Operations Form 5120.17 and files a tax return, listing the removal as shown above.
