Form Dr 123 PDF Details

Form Dr 123 is a tax form used to report the sale or exchange of property. The form is used to report the amount of gain or loss from the sale or trade of assets, such as stocks, bonds, and real estate. The form must be filed with the IRS within 30 days of the sale date. Taxpayers can use Form Dr 123 to calculate their taxable gain or loss on the sale. Generally, taxpayers are required to pay taxes on any gains from the sale of property, but may be able to deduct losses from their taxable income. It is important for taxpayers to understand how this tax form works and what information is required in order to file it correctly.

Here is the information relating to the file you were in search of to fill out. It will tell you how much time you will require to finish form dr 123, exactly what fields you will have to fill in, and so on.

QuestionAnswer
Form NameForm Dr 123
Form Length1 pages
Fillable?Yes
Fillable fields30
Avg. time to fill out6 min 15 sec
Other namesdr123 fillable, form dr 123, fillable dr 123, fillable dr123

Form Preview Example

Partial Exemption for Motor Vehicle Sold

to Resident of Another State

Affidavit

DR-123

R. 01/21

Rule 12A-1.097, F.A.C. Effective 01/21

State of Florida, County of ________________________________________

Name of Nonresident Purchaser _________________________________________________________________________________________

State of Residence and

Address of Purchaser __________________________________________________________________________________________________

(Street)

(City)

(State)

(ZIP)

If the nonresident purchaser is a corporation or partnership, an officer or partner

must acknowledge the following to qualify for the

partial exemption:

 

 

 

qThe vehicle will be removed from this state within 45 days of purchase and will remain outside this state for a minimum of 180 days.

OR

If the vehicle is not removed from this state, an officer or partner in the nonresident corporation or partnership must certify the following:

qThere is no officer that is a resident of this state.

qThere is no stockholder who owns at least 10% of the corporation that is a resident of this state.

qThere is no partner in the partnership who has at least 10% ownership of the partnership that is a resident of this state.

Name of Seller ________________________________________________________________________________________________________

Address of Seller ______________________________________________________________________________________________________

(Street)(City)(State)(ZIP)

Seller’s Sales Tax Registration Number_____________________________________ Date of Sale___________________________________

Description of Motor Vehicle:

Make___________________________________________Model __________________________________________Year__________________

Vehicle Identification Number _______________________________________ Motor Number ______________________________________

Sales Price________________________________________________________ Trade-In Allowance __________________________________

Florida Sales Tax Paid: ___________________________________________________________

This vehicle will be licensed in the State of ______________________ within forty-five (45) days after the date of purchase.

I, ___________(Purchaser's Initials) understand I may owe sales tax to the State of _________________________ where the vehicle

will be registered or licensed:

•if a credit for sales tax paid to the State of Florida is not allowed, or

•if the tax rate is higher than 6%.

I understand sales tax is being paid to the State of Florida and not to any other state.

Note: Tax Information Publication Motor Vehicle Sales Tax Rates by State is available on the Department's website at

floridarevenue.com/taxes/tips .

Sworn to (or affirmed) and subscribed before me by means of __ physical presence or __ online notarization on this _____________ of

(Day)

_______,_______, by ____________________________ (nonresident purchaser).

(Month) (Year)

______________________________________________

________________________________________________

Signature of Nonresident Purchaser

Signature of Notary Public

Personally known ____________________________________ Or,

 

Produced identification __________________________________

________________________________________________

 

Print, Type or Stamp Commissioned Name of Notary Public

Type of identification produced __________________________

 

How to Edit Form Dr 123 Online for Free

You'll find nothing hard related to completing the dr 123 form using our PDF tool. By following these simple steps, you will receive the ready PDF file within the least time frame feasible.

Step 1: To get started, select the orange button "Get Form Now".

Step 2: Now you are on the document editing page. You can modify and add text to the file, highlight words and phrases, cross or check particular words, include images, sign it, get rid of unrequired areas, or eliminate them altogether.

The next sections are what you will have to fill in to get the finished PDF file.

dr123 fillable empty spaces to fill out

Inside the box DescriptionofMotorVehicle, MakeModelYear, SalesPriceTradeInAllowance, FloridaSalesTaxPaid, floridarevenuecomtaxestips, and bynonresidentpurchaserMonthYear enter the data which the program asks you to do.

Entering details in dr123 fillable stage 2

It is essential to put down certain information within the segment Typeofidentificationproduced.

part 3 to filling out dr123 fillable

Step 3: If you are done, select the "Done" button to transfer your PDF form.

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