Delaware Form 5403
Effective January 1, 2019, Delaware has mandated that the real estate closing attorneys not only need to have the Seller complete Delaware Form 5403, but they also must collect any capital gains due from the Seller. This means they can deduct the estimated tax due from your proceeds at the time of settlement. This effects OUT OF STATE Sellers including LLCs and Corporations and those moving out of State.
Thank you to Andy Taylor of Copeland Taylor in Wilmington, DE for this short explanation video.
302-281-5550 / firstname.lastname@example.org