Get Me Rew-1-1040 2024-2026

Filling out the ME REW-1-1040 form is an essential step for sellers of real estate in Maine who are individuals or sole proprietors. This guide will walk you through the process of completing the form online, ensuring compliance with Maine's real estate withholding requirements.

Follow the steps to complete the ME REW-1-1040 online.

1. Click ‘Get Form’ button to obtain the form and open it in the online editor.
2. Enter the name of the seller in the designated fields. If the seller is married and filing jointly, also include the spouse's name. Complete fields for their social security numbers.
3. Provide the current mailing address of the seller. Ensure that this address is accurate and includes the city, state, and ZIP code.
4. Fill in the physical location of the property being transferred, including its street address, municipality, and the date the property was acquired.
5. Enter the date of the transfer and the total sales price (consideration) in the appropriate fields.
6. Indicate the seller's percentage of ownership in the property.
7. Check the appropriate rate of withholding for the transaction. If applicable, attach any withholding certificate.
8. Calculate the amount to be withheld based on the seller's ownership percentage and the sales price. Enter this amount in the designated field.
9. Enter the name of the buyer or withholding agent, along with their address and social security or federal ID number.
10. Review all entered information for accuracy before saving changes. Once complete, users can download, print, or share the form as needed.

Complete your ME REW-1-1040 form online today to ensure a smooth real estate transaction.