Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

What form do Resident/Non-Resident Single-Member LLC’s have to complete and sign in order to record the deed?

0
Posted

What form do Resident/Non-Resident Single-Member LLC’s have to complete and sign in order to record the deed?

0

If a Resident Single-Member LLC files as a corporation for tax purposes – the Resident Single-Member LLC is required to complete and sign the GIT/REP-3 form. Check box #5 under seller assurances (Seller is not an individual, estate, or trust). A: If the Resident Single-Member LLC elects to file as an individual for tax purposes – the Resident Single-Member LLC is required to complete and sign the GIT/REP-3 form. Check box #1 under seller assurances (I am a resident taxpayer . . . ). A: If a Non-Resident Single-Member LLC elects to file as an individual for tax purposes – the Non-Resident Single-Member LLC is required to complete and sign the GIT/REP-1 form and submit an estimated payment, except if consideration is less than $1,000.00 – then file the GIT/REP-3 and check box #6 under seller assurances (The total consideration for the property is $1,000 or less . . .).

Related Questions

What is your question?

*Sadly, we had to bring back ads too. Hopefully more targeted.

Experts123