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New Jersey Free Printable Nonresident Seller’s Tax Prepayment Receipt, Form GIT/REP-2 for 2024 New Jersey Nonresident Seller's Tax Prepayment Receipt

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Nonresident Seller's Tax Prepayment Receipt
Nonresident Seller’s Tax Prepayment Receipt, Form GIT/REP-2

State of New Jersey GIT/REP-2 (10-21) Nonresident Seller’s Tax Prepayment Receipt (Print or Type) Seller’s Information Name(s) Current Street Address City, Town, Post Office State Property Information (Brief Property Description) Block(s) Lot(s) ZIP Code Qualifier Street Address City, Town, Post Office State Seller’s Percentage of Ownership Total Consideration Seller’s Share of Consideration ZIP Code Closing Date Seller’s Declaration The undersigned understands that this declaration and its contents may be disclosed or provided to the New Jersey Division of Taxation and that any false statement contained herein could be punished by fine, imprisonment, or both. I furthermore declare that I have examined this declaration and, to the best of my knowledge and belief, it is true, correct, and complete. By checking this box I certify that the Power of Attorney to represent the seller(s) has been previously recorded or is being recorded simultaneously with the deed to which this form is attached. Date Date Signature (Seller) Indicate if Power of Attorney or Attorney in Fact Signature (Seller) Indicate if Power of Attorney or Attorney in Fact By affixing the Seal of the Director, Division of Taxation, I hereby certify that on (Date) payment was received from the seller listed above, in an amount as required under N.J.S.A. 54A:8-9, but not less than 2% of the consideration price stated above. Original Form Must Have a Raised Seal and be Submitted to County Clerk. Photocopies are NOT Acceptable. GIT/REP-2 (10-21) Page 2 Prepayment Receipt Instructions If this form is not completed in its entirety, the county clerk will not record the deed. Nonresident individuals, estates, or trusts must complete this form if they are selling or transferring property in New Jersey and want to prepay the estimated tax. The seller must complete the GIT/REP-2 and the NJ-1040-ES GIT/REP-1 estimated tax voucher (located at the bottom of Form GIT/REP-1) and submit them, along with the associated payment, to the Division of Taxation in person at one of the Division’s Regional Information Centers prior to the closing. A Division employee will stamp the original with the Director’s Seal. The seller must give the stamped original prepayment receipt to the settlement agent (usually the buyer or the buyer’s attorney) at closing. The seller should keep a copy for their own records. Name(s). Enter the name of the seller. If there is more than one seller, each must complete a separate form unless they are a married/civil union couple that files their Income Tax returns jointly. Address. Enter the seller’s primary residence or place of business. Do not use the address of the property being sold. The seller is considered a nonresident unless a new residence (permanent place of abode, domicile) has been established in New Jersey and the new residence is listed here. Part-year residents are considered nonresidents. Property Information. Enter the information listed on the deed of the property being sold. Enter the seller’s percentage of ownership, the total consideration for the transaction, the seller’s share of that consideration, and the closing date. Consideration. “Consideration” means, in the case of any deed, the actual amount of money and the monetary value of any other thing of value constituting the entire compensation paid or to be paid for the transfer of title to the lands, tenements, or other realty, including the remaining amount of any prior mortgage to which the transfer is subject or that is assumed and agreed to be paid by the grantee and any other lien or encumbrance not paid, satisfied, or removed in connection with the transfer of title. If there is more than one owner, indicate the seller’s portion of the total consideration received. If the total consideration for the property is $1,000 or less, complete the Seller’s Residency Certification/Exemption Form GIT/REP-3 and check box 6 under Seller’s Assurances. Signature. The seller must sign and date the Seller’s Declaration. If the seller has appointed a representative who is signing the Seller’s Declaration on their behalf, either the Power of Attorney executed by the seller must have been previously recorded or recorded with the deed to which this form is attached, or a letter signed by the seller granting authority to the representative to sign this form must be attached. Estimated Tax Payment. The amount of the estimated tax payment is determined by multiplying the gain from the sale of the property by the highest Gross Income Tax rate (10.75%). In the case of estates and trusts, the gain is determined without taking into consideration any distributions made to the beneficiaries during the tax year. The estimated payment cannot be less than 2% of the consideration received for the sale. Payment must be made by check or money order payable to the State of New Jersey – Division of Taxation. Settlement Agent. The settlement agent must file the stamped original Prepayment Receipt and deed with the appropriate county clerk for recording. If the settlement agent does not submit the stamped original with the deed, the county clerk will not record the deed. County Clerk. The county clerk will attach the Prepayment Receipt form to the deed when it is recorded.
Extracted from PDF file 2023-new-jersey-form-gitrep-2.pdf, last modified October 2021

More about the New Jersey Form GIT/REP-2 Corporate Income Tax Nonresident TY 2023

We last updated the Nonresident Seller's Tax Prepayment Receipt in February 2024, so this is the latest version of Form GIT/REP-2, fully updated for tax year 2023. You can download or print current or past-year PDFs of Form GIT/REP-2 directly from TaxFormFinder. You can print other New Jersey tax forms here.


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Other New Jersey Corporate Income Tax Forms:

TaxFormFinder has an additional 95 New Jersey income tax forms that you may need, plus all federal income tax forms.

Form Code Form Name
Form CBT-160-A Underpayment of Estimated NJ Corporation Business Tax For Taxpayers with Gross Receipts less than $50,000,000
Form CBT-200-T Corporation Business Tax Tentative Return and Application
Form DCC-1 Document Control Center Request Form
Form NJ-1041 Fiduciary Return Form
Form A-3128 Claim for Refund of Estimated Gross Income Tax Payment.

Download all NJ tax forms View all 96 New Jersey Income Tax Forms


Form Sources:

New Jersey usually releases forms for the current tax year between January and April. We last updated New Jersey Form GIT/REP-2 from the Division of Revenue in February 2024.

Show Sources >

Form GIT/REP-2 is a New Jersey Corporate Income Tax form. Many states have separate versions of their tax returns for nonresidents or part-year residents - that is, people who earn taxable income in that state live in a different state, or who live in the state for only a portion of the year. These nonresident returns allow taxpayers to specify which which income is subject to the state's taxes, and which is not.

About the Corporate Income Tax

The IRS and most states require corporations to file an income tax return, with the exact filing requirements depending on the type of company.

Sole proprietorships or disregarded entities like LLCs are filed on Schedule C (or the state equivalent) of the owner's personal income tax return, flow-through entities like S Corporations or Partnerships are generally required to file an informational return equivilent to the IRS Form 1120S or Form 1065, and full corporations must file the equivalent of federal Form 1120 (and, unlike flow-through corporations, are often subject to a corporate tax liability).

Additional forms are available for a wide variety of specific entities and transactions including fiduciaries, nonprofits, and companies involved in other specific types of business.

Historical Past-Year Versions of New Jersey Form GIT/REP-2

We have a total of twelve past-year versions of Form GIT/REP-2 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2023 Form GIT/REP-2

Nonresident Seller’s Tax Prepayment Receipt, Form GIT/REP-2

2022 Form GIT/REP-2

Nonresident Seller’s Tax Prepayment Receipt, Form GIT/REP-2

2021 Form GIT/REP-2

Nonresident Seller’s Tax Prepayment Receipt, Form GIT/REP-2

2020 Form GIT/REP-2

Nonresident Seller’s Tax Prepayment Receipt, Form GIT/REP-2

2019 Form GIT/REP-2

Nonresident Seller’s Tax Prepayment Receipt, Form GIT/REP-2

2018 Form GIT/REP-2

Nonresident Seller's Tax Prepayment Receipt

2017 Form GIT/REP-2

Nonresident Seller's Tax Prepayment Receipt

2016 Form GIT/REP-2

Nonresident Seller's Tax Prepayment Receipt

Nonresident Seller's Tax Prepayment Receipt 2015 Form GIT/REP-2

Nonresident Seller's Tax Prepayment Receipt

Nonresident Seller's Tax Prepayment Receipt 2013 Form GIT/REP-2

Nonresident Seller's Tax Prepayment Receipt

Nonresident Seller's Tax Prepayment Receipt 2012 Form GIT/REP-2

Nonresident Seller's Tax Prepayment Receipt

Nonresident Seller's Tax Prepayment Receipt 2011 Form GIT/REP-2

Nonresident Seller's Tax Prepayment Receipt


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