Mytax Illinois PDF Details

Are you one of the many Illinois residents who is required to file a state tax return? If so, you may be wondering where to find the right form. Mytax Illinois Form is an online portal that makes it easy to find and complete the appropriate form for your tax situation. In addition to providing access to forms, Mytax Illinois Form also offers helpful tips and information on completing your return.

In the table, there's some good information about the mytax illinois. You can browse it prior to submitting the gaps.

QuestionAnswer
Form NameMytax Illinois
Form Length1 pages
Fillable?No
Fillable fields0
Avg. time to fill out15 sec
Other namesmydec, illinois my dec, illinois ptax 203 online, mydec illinois

Form Preview Example

PTAX-203

Illinois Real Estate

Transfer Declaration

Please read the instructions before completing this form.

This form can be completed electronically at tax.illinois.gov/retd.

Step 1: Identify the property and sale information.

1____________________________________________________

Street address of property (or 911 address, if available)

____________________________________________________

City or villageZIP

____________________________________________________

Township

2Write the total number of parcels to be transferred. ___________

3Write the parcel identifying numbers and lot sizes or acreage.

Property index number (PIN)

Lot size or acreage

a_____________________________

___________________

b_____________________________

___________________

c_____________________________

___________________

d_____________________________

___________________

Write additional property index numbers, lot sizes or acreage in Step 3.

4Date of instrument: ____ ____ / ____ ____ ____ ____

Month

Year

 

5 Type of instrument (Mark with an “X.” ):

_____ Warranty deed

____ Quit claim deed _____ Executor deed ____ Trustee deed

____ Beneficial interest

_____ Other (specify):______________

6____ Yes ____ No Will the property be the buyer’s principal residence?

7____ Yes ____ No Was the property advertised for sale?

(i.e., media, sign, newspaper, realtor)

8Identify the property’s current and intended primary use.

Current

Intended

(Mark only one item per column with an “X.”)

a ____

____ Land/lot only

b____ ____ Residence (single-family, condominium, townhome, or duplex)

c ____ ____ Mobile home residence

d____ ____ Apartment building (6 units or less) No. of units: _______

e ____ ____ Apartment building (over 6 units) No. of units: _______

f ____ ____ Office

g____ ____ Retail establishment

h____ ____ Commercial building (specify): _________________

i ____ ____ Industrial building

j ____ ____ Farm

k ____ ____ Other (specify): ____________________________

thisinwritenotDoarea. OfficeRecorder’sCountyuse.

County:

Date:

 

 

Doc. No.:

 

Vol.:

 

Page:

 

Received by:

9Identify any significant physical changes in the property since January 1 of the previous year and write the date of the change.

Date of significant change: ____ ____ / ____ ____ ____ ____

MonthYear

(Mark with an “X.”)

____ Demolition/damage ____ Additions ____ Major remodeling

____ New construction ____ Other (specify): ________________

10Identify only the items that apply to this sale. (Mark with an “X.”)

a____ Fulfillment of installment contract —

year contract initiated : ___ ____ ____ ____

b____ Sale between related individuals or corporate affiliates

c____ Transfer of less than 100 percent interest

d____ Court-ordered sale

e____ Sale in lieu of foreclosure

f____ Condemnation

g____ Short sale

h____ Bank REO (real estate owned)

i____ Auction sale

j____ Seller/buyer is a relocation company

k____ Seller/buyer is a financial institution or government agency

l____ Buyer is a real estate investment trust

m____ Buyer is a pension fund

n____ Buyer is an adjacent property owner

o____ Buyer is exercising an option to purchase

p____ Trade of property (simultaneous)

q____ Sale-leaseback

r____ Other (specify): __________________________________

__________________________________________________

s____ Homestead exemptions on most recent tax bill:

1 General/Alternative

$______________

2

Senior Citizens

$______________

3

Senior Citizens Assessment Freeze $______________

Step 2: Calculate the amount of transfer tax due.

Note: Round Lines 11 through 18 to the next highest whole dollar. If the amount on Line 11 is over $1 million and the property’s current use on Line 8 above is marked “e,” “f,” “g,” “h,” “i,” or “k,” complete Form PTAX-203-A, Illinois Real Estate Transfer Declaration Supplemental Form A. If you are record- ing a beneficial interest transfer, do not complete this step. Complete Form PTAX-203-B, Illinois Real Estate Transfer Declaration Supplemental Form B.

11

Full actual consideration

11

$ ____________________

12a

Amount of personal property included in the purchase

12a

$ ____________________

12b

Was the value of a mobile home included on Line 12a?

12b

____ Yes ____ No

13

Subtract Line 12a from Line 11. This is the net consideration for real property.

13

$ ____________________

14Amount for other real property transferred to the seller (in a simultaneous exchange)

 

as part of the full actual consideration on Line 11

14

$ ____________________

15

Outstanding mortgage amount to which the transferred real property remains subject

15

$ ____________________

16

If this transfer is exempt, use an “X” to identify the provision.

16

____b ____k ____m

17

Subtract Lines 14 and 15 from Line 13. This is the net consideration subject to transfer tax.

17

$ ____________________

18

Divide Line 17 by 500. Round the result to the next highest whole number (e.g., 61.002 rounds to 62).

18

____________________

19

Illinois tax stamps — multiply Line 18 by 0.50.

19

$ ____________________

20

County tax stamps — multiply Line 18 by 0.25.

20

$ ____________________

21

Add Lines 19 and 20. This is the total amount of transfer tax due.

21

$ ____________________

PTAX-203 (R-10/10)

This form is authorized in accordance with 35 ILCS 200/31-1 et seq. Disclosure of this information

is REQUIRED. This form has been approved by the Forms Management Center. IL-492-0227

Page 1 of 4

Watch Mytax Illinois Video Instruction

If you believe this page is infringing on your copyright, please familiarize yourself with and follow our DMCA notice and takedown process - click here to proceed .