ASSET TRANSFER
TAX DECLARATION
P.L 2007, Chapter 100 (A5002)
N.J.S.A. 54:50-38
New Jersey Division of Taxation
Bulk Transfers
Box 245
Trenton NJ 08695-0245
Form TTD
This form may be reproduced
(Please print or type)
Party Information
Seller’s Name: ________________________________ Seller’s FID/EIN_______________________
Purchaser’s Name: ____________________________
Business Type (check one)
S-Corporation * [ ] Partnership
* [ ] LLC * [ ] Corporation [ ] Proprietor [ ] State of Formation ____
Return type filed to report gain: CBT [ ] PART [ ] NJ1040 [ ] NJ1040NR [ ] SS#__________________
* If a gain is declared (Line 9), each
intended K-1 recipient must complete a declaration. Number of K-1s: [ ]
Realty Location
Block(s)
[ ] Lot(s) [ ]
Street Address [ ]
City [ ] State [ ] Zip [ ]
Calculation of Estimated Tax (to nearest dollar) See reverse side for specific line instructions.
1. Consideration / Purchase Price 1. $
_
__,___,___.
2. Settlement Charges (Not to include Mortgage/Loan payoffs) 2. $
_
__,___,___.
3. Cost After Depreciation 3. $
_
__,___,___.
4. Current Year Loss 4. $
_
__,___,___.
5. NOL Carryover (if allowable) 5. $
_
__,___,___.
6. IRC Section 1031 Exchange (if applicable) 6. $
_
__,___,___.
7. Gain (subtract lines 2 through 6 from line 1) 7. $
_
__,___,___.
8. Amount of Gain Deferred
(if applicable) 8. $
_
__,___,___.
9. Current Year Gain (subtract line 8 from line 7) 9. $
_
__,___,___.
10. _____ % Share of Gain if K-1 (multiply line 9 by percentage) 10. $
_
__,___,___.
11. Tax Rate from NJ-1040 Schedule (not effective rate) 11.
%
_ _._ _
12. Estimated Tax on Gain Due (line 10 multiplied by line 11) 12. $
_
__,___,___.
Will there be installment proceeds? Yes [ ] No [ ] (if yes, give details on reverse side.)
Taxpayer’s Declaration
I declare that all the information on this declaration is correct. I am aware that if any of the foregoing information provided by me is knowingly
false, I am subject to punishment.
Date ____________________ Owner/Partner/Member Signature _______________________________________________________
Print ______________________________________________________________________________
Title ______________________________________________________________________________
(Rev 09-09 1.2.4)
