How to Fill Out Form RV-F1301201

Form RV-F1301201 at a glance

What it is: RV-F1301201 is the Tennessee Department of Revenue Affidavit of Non-Dealer Transfers of Motor Vehicles and Boats.

Who signs: SIGN: Seller or Transferor's Signature(s) with Date, and Purchaser or Transferee's Signature(s) with Date.

A filled-in Form RV-F1301201 example: a parent gives a car to a child

Form RV-F1301201 example filled out, example: a parent gives a car to a child
Ann Sample fills out the Tennessee non-dealer transfer affidavit for a car. She gives it to her daughter for no payment. The picture shows the form; its names and figures are sample values. She gives it to her daughter, so Relative transfer is checked and Gift transfer or low selling price stays empty. No money, loan, services, other consideration or trade-in is involved, so Considerations involved in the transfer stays empty. The car has no lien, so the lien amount and the lienholder stay empty.

How to fill out Form RV-F1301201, box by box

Relative transfer or gift transfer

Form RV-F1301201 example filled out, relative transfer or gift transfer

Relative transfer: If a person is transferring a boat or motor vehicle to certain relatives, those relatives do not have to pay tax on the transfer of ownership. Tax-exempt relatives include spouses, siblings, and lineal relatives (children, grandchildren, great-grandchildren, parents, grandparents, and great-grandparents). Spouses of children, grandchildren, and great-grandchildren also qualify for tax exemption.

Gift transfer or low selling price to person other than tax-exempt relatives. A low selling price is 75% or less of the fair market value. Fair market value is determined by referencing the most recent issue of an authoritative automobile pricing manual, such as the N.A.D.A. Official Used Car Guide, SE Edition.

Seller or Transferor and Purchaser or Transferee

Form RV-F1301201 example filled out, seller or Transferor and Purchaser or Transferee

For the Seller or Transferor (Please Print) and for the Purchaser or Transferee (Please Print), enter Name, Address, City, State, Zip, Phone and FEIN or Drivers License No.

Vehicle or Boat Information

Form RV-F1301201 example filled out, vehicle or Boat Information

Vehicle or Boat Information (To be completed by seller or transferor).

Enter the Year, Make, (VIN or Serial No.) and Date of Sale.

Enter the Fair Market value of the vehicle/boat.

Is there a lien?

Form RV-F1301201 example filled out, is there a lien?

Is there a lien? Enter Y or N.

If yes, enter the amount of the outstanding lien.

If yes, enter the lienholder.

Relationship between Seller or Transferor and Purchaser or Transferee

Form RV-F1301201 example filled out, relationship between Seller or Transferor and Purchaser or Transferee

If applicable, please state the relationship between Seller or Transferor and Purchaser or Transferee.

Considerations involved in the transfer

Form RV-F1301201 example filled out, considerations involved in the transfer

This box to be completed if gift or low selling price only: Considerations involved in the transfer (Please check all that apply).

Check Money involved and fill in its $.

Check Loan Assumption, loan pay-off, etc. and fill in its $.

Check Services or labor performed (Value) and enter the value.

Check Other: (Explain) and explain.

Trade-in

Form RV-F1301201 example filled out, trade-in

Trade-in: Trade-in must be of like kind, such as motor vehicle, motorcycle, boat, etc. in order to get sales tax credit for trade-in. Enter the Trade-in value, the Trade Description, Year, Make and (VIN or Serial No.).

Total Sales Price

Form RV-F1301201 example filled out, total Sales Price

Enter the Total Sales Price: the sales price is the total amount of consideration paid by the purchaser or transferee, including any money paid to a third party, such as lienholder.

If no consideration was given for the transfer, then the amount of the sales price is $0 (checked November 2, 2026).

Reason for the low price

Form RV-F1301201 example filled out, reason for the low price

If the sales price is lower than the average value please indicate the reason for the low price.

SIGN

Form RV-F1301201 example filled out, sIGN

Under the penalties of perjury, I swear that the information is true and correct to the best of my knowledge, information and belief, and this document correctly state the total amount of consideration for the transfer of this vehicle or boat.

Failure to report proper consideration for the sale or transfer of the aforementioned vehicle or boat may result in assessment of applicable sales tax, penalty and interest against the purchaser.

SIGN: Seller or Transferor's Signature(s) with Date, and Purchaser or Transferee's Signature(s) with Date.

Sources

[1] Form RV-F1301201 (5-22), Affidavit of Non-Dealer Transfers of Motor Vehicles and Boats, Tennessee Department of Revenue (the Official source link on this page).

Form Rv F1301201 PDF Details

The RV-F1301201 form, issued by the Tennessee Department of Revenue, serves as a crucial affidavit for non-dealer transfers of motor vehicles and boats. This comprehensive document ensures that private transactions between individuals are properly recorded and taxed according to state law. It caters to various scenarios, including lineal relative transfers, which cover a wide range of family connections such as spouses, siblings, children, and grandparents, among others. Additionally, it accommodates the transfer of items as gifts or at low selling prices to individuals not related in lineal fashion, specifying that a low selling price is judged as 75% or less of the fair market value according to authoritative automotive pricing guides. The form requires detailed information about the seller and buyer, vehicle or boat specifics, and the financial aspects of the transaction, like the sale price, existence of any liens, and precise nature of the consideration involved. This affidavit not only aids in the transparent reporting of the transfer but also plays a vital role in the calculation and assessment of sales tax, thereby helping to prevent potential legal and financial discrepancies. By mandating the accurate reporting of these transactions, the RV-F1301201 form mitigates the risks of underreported sales and ensures that both parties comply with Tennessee's tax obligations.

QuestionAnswer
Form NameForm Rv F1301201
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesAFFADAVIT OF TRANSFER lineal relative transfer form