What form do Resident/Non-Resident Single-Member LLC’s have to complete and sign in order to record the deed?
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 form does a Resident/Non-Resident Corporation, Partnership, or Multi-Member LLC have to complete and sign in order to record the deed?
- What form do Resident/Non-Resident Single-Member LLC’s have to complete and sign in order to record the deed?
- What form do Resident/Non-Resident Single-MemberLLCs have to complete and sign in order to record the deed?