Washington Tax Free Exchange Package

State:
Washington
Control #:
WA-P064-PKG
Format:
Word; 
Rich Text
Instant download

Description Wa Form

The Tax-Free Exchange Package contains essential forms to successfully complete a tax-free exchange of like-kind property.


This package contains the following forms:



(1) Exchange Agreement

(2) Exchange Addendum

(3) Certification Of No Info Reporting On Sale Of Exchange

(4) Like-Kind Exchanges

(5) Sale of Business Property

(6) Personal Planning Information and Document Inventory Worksheets

Detailed Information on each form:



1. Exchange Agreement - This form is used to establish the intent to enter into an exchange agreement and to otherwise qualify the contemplated transactions under the qualified intermediary safe harbor.



2. Exchange Addendum - In this form, the parties amend an existing contract to buy and sell real estate and agree that the Exchanging Party's rights under the contract are assignable prior to closing to structure an exchange of the property under Section 1031. The Cooperating Party agrees to reasonably cooperate in such exchange with the Exchanging Party.



3. Certification Of No Info Reporting On Sale Of Exchange - Complete this form to determine whether the sale or exchange should be reported to the seller, and to the Internal Revenue Service on Form 1099-S, Proceeds From Real Estate Transactions.



4. Like-Kind Exchanges - This form is used to report each exchange of business or investment property for property of a like kind to the Internal Revenue Service.



5. Sale of Business Property - This form is used to report gains, losses and recapture amounts from the sale of business property and involuntary conversions.
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Legal Package Info Other Form Names

Legal Info Use   Legal Info Inc   Tax Exchange Pack   Tax Exchange Packet   Washington Packet   Exchange Form   Packet Form  

Exchange Legal Sale FAQ

Log in to My DOR. On the My DOR Services page, in the General Public section, click the Apply for a consumer sales tax refund. On the Select Type of Refund, select Qualified Nonresident, and click Next. Review the refund requirements, and click Next.

Express file online at dor.wa.gov/expressfilenobiz. No login required. E-file a no business return online using our tax filing system, My DOR. Simply log into My DOR. You will need to have access to your tax account.

Generally, no refund of sales tax is available if you took possession of the item from the vendor with a given state. In the United States, sales tax is imposed at the point of transfer of title or possession.

The Internal Revenue Service (IRS) permits you to write off either your state and local income tax or sales taxes when itemizing your deductions.You can use either the actual sales taxes you paid or the IRS optional sales tax tables.

Log in to My DOR. On the My DOR Services page, in the General Public section, click the Apply for a consumer sales tax refund. On the Select Type of Refund, select Qualified Nonresident, and click Next. Review the refund requirements, and click Next.

Washington State taxpayers may deduct sales tax in 2015 and beyond.Taxpayers who keep all their receipts can deduct actual sales tax and use tax paid.

Farm Products. Producer Goods. Interstate Sales. Public Activities. Health-Related Purchases. Deferrals & Credits. Other Sales/Use Tax Exemptions.

Refund Locations : Both US Citizens and non-US citizens can claim tax refund at all major international airport terminals, they would have a Tax refund desk. Check airport for the details on the terminal. Also, if you are a non-US citizen, then you can even claim tax refund at certain mall locations in the state.

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Washington Tax Free Exchange Package