Free Wv Nrsr Template

Free Wv Nrsr Template

The WV/NRSR form is a document used to report income tax withholding for nonresident sellers of real property in West Virginia. This form ensures that the appropriate income tax is collected at the time of the sale or transfer of property. If you need to complete this form, please click the button below to get started.

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The West Virginia Nonresident Sale of Real Property Withholding Return, commonly referred to as the WV NRSR form, plays a crucial role in the state's tax collection process. This form is specifically designed for nonresident individuals and entities who sell real property located in West Virginia. It ensures that the appropriate income tax is withheld at the time of sale, thereby facilitating compliance with state tax laws. Key components of the form include the identification of the property being sold, the date of transfer, and the seller's tax identification information. Additionally, it requires the computation of the total payment due to the seller, along with any applicable taxes to be withheld. The form also accommodates various types of sellers, such as individuals, corporations, and trusts, each of whom must provide specific information relevant to their situation. Understanding the requirements and instructions for completing the WV NRSR form is essential for ensuring timely and accurate tax compliance in real estate transactions within the state.

Wv Nrsr Example

WV/NRSR
Rev. 04/26
RETURN OF INCOME TAX WITHHOLDING FOR
NONRESIDENT SALE OF REAL PROPERTY
West Virginia
Tax Division
1. Property account ID Number:
Address and Description
2. Date of transfer
MM DD YYYY
3. Check if the transferor/seller is reporting gain
under the installment method.
4. Transferor/Seller’s Identication number
CHECK ONE
SSN
FEIN
ITIN
5. Spouse’s SSN Number 7. Transferor/Seller is:
a. Individual
b. Corporation
c. Trust or Estate
d. Business Trust
e. Partnership
f. S Corporation
g. Limited Liability Company
h. Limited Liability Partnership
6. Transferor/Seller’s name (Enter only one name, unless husband and wife are ling a joint return. If more
than one transferor/seller, use separate forms for each.)
Street Address including City, State and Zip Code
8. Computation of total payment and tax to be withheld (see instructions)
a. Total sales price paid to transferor.................................................................................. a
b. Less selling expenses..................................................................................................... b
c. Less debts secured by mortgages or other liens on the property................................... c
d. Net proceeds................................................................................................................... d
e. Total payments (net proceeds paid to transferor)............................................................ e
f. Transferor/seller’s ownership percentage........................................................................ f %
g. Transferor/seller’s share of total payment (multiply line e by line f)................................ g
h. Enter applicable rate:
1) 2.5% of total payments, or
2) 4.58% of estimated capital gain $__________________...................................... h %
i. WV Income Tax withheld (multiply line g or amount of estimated capital gain by line h)
(If partial exemption granted, enter amount stated on Form WV/NRCE)........................... i
Under the penalties of perjury, I declare that I have examined this return and to the best of my knowledge and belief, it is true, correct and complete.
If prepared by a person other than the transferor/seller, the declaration is based on all information to which the preparer has any knowledge.
Signature Date
MAKE CHECK OR MONEY ORDER PAYABLE TO AND MAIL TO:
WEST VIRGINIA STATE TAX DEPARTMENT
TAX ACCOUNT ADMINISTRATION DIVISION
PO BOX 784
CHARLESTON, WV 25323-0784
COPY A – FILE WITH THE WEST VIRGINIA STATE TAX DEPARTMENT
TO PREVENT PROCESSING DELAYS, SUBMIT ONE CHECK FOR EACH NRSR FORM.
*B56040801A*
B56040801A
WV/NRSR
INSTRUCTIONS FOR RETURN OF INCOME TAX WITHHOLDING
FOR NONRESIDENT SALE OF REAL PROPERTY
There are three copies of From WV/NRSR
GENERAL INSTRUCTIONS

This form is designed to assure the regular and timely
collection of WV income tax due from nonresident sellers of
real property located within the State. This form is used to
determine the amount of income tax withholding due on the
sale of property and provide for its collection at the time of
the sale or transfer.

If the transferor/seller is a nonresident individual or
nonresident entity, and is transferring an interest in real
property located within the State of WV, unless the transaction
is otherwise exempt from the income tax withholding
       
Form WV/NRSR with the WV State Tax Department. If there
are multiple transferors/sellers, a separate form must be
completed for each nonresident individual or nonresident
entity subject to the withholding requirements. The separate

a joint WV income tax return.


by or registered with the WV State Tax Department to do
business in WV.

Unless the transaction is otherwise exempt from the income
tax withholding requirement, the person responsible for
closing must complete Form WV/NRSR for each nonresident
transferor/seller at closing of sale.
A nonresident individual or nonresident entity that sells real


the year in which the transfer of the real property occurred.
The due date for each income tax return type can be found


Copy A of Form WV/NRSR must be submitted to the WV
State Tax Department with check or money order in the
aggregate amount of tax due for each nonresident transferor/
seller with regard to a sale or transfer of real property within

Copy B of Form WV/NRSR is to be provided to the transferor/
seller at closing. Nonresident individuals or nonresident
   
the year in which the transfer of the property occurred. See

Copy C of Form WV/NRSR is to be retained by the taxpayer.
SP
ECIFIC INSTRUCTIONS FOR
COMPLETING THE FORM:
LINE 1 Enter the street address for the property as listed
with the County Assessor. If the property does not have a
street address, provide such descriptive information as is
used by the County Assessor to identify the property. Also
include the property account ID number for the parcel being
transferred. If the property is made up of more than one
parcel and has more than one account number, include all
applicable account numbers.
LINE 2 Enter the date of transfer. The date of transfer is the
󰀨󰀨
          
stated in the deed.
LINE 3 Check the box if the transferor/seller is reporting the
gain under the installment method.
LINES 4, 5, and 6 Unless transferors/sellers are husband

Form WV/NRSR must be completed for each transferor/
seller that is entitiled to receive any part of the proceeds

security number for the nonresident transferor/seller and the
social security number for the spouse, if applicable. Do not
enter the street address of the property being transferred.
LINE 7 Check the appropriate box for the transferor/seller.
         
the WV State Tax Commissioner, do not complete lines 8a
through 8h. Instead, enter the amount stated on Form WV/
NRCE.
Complete this section to determine the total payment
allocable to the transferor/seller that is subject to the income
tax withholding requirements and the amount of tax required
to be withheld. The total payment is computed by deducting
from the total sales price including the fair market value of
any property or other non-monetary consideration paid to or
otherwise transferred to the transferor/seller the amount of
any mortgages or other liens, the commission payable on
account of the sale, and any other expenses due from the
seller in connection with the sale.
LINE 8f If there are multiple owners, enter the percentage of
ownership of the transferor/seller for whom this form is being

LINE 8g Multiply Line 8e by Line 8f to determine the
transferor/seller’s share of the total payment.
LINE 8h Enter the applicable rate for the transferor/seller
used for computing the withholding tax. If withholding tax
is computed on 4.58%, enter the amount of the estimated
capital gain on Line h2.
LINE 8i Enter the amount of tax withheld.
Payment of tax: Make check or money order payable to the
WV State Tax Department.
To prevent processing delays, submit one check for each
NRSR return.

by the individual transferor/seller, an authorized person or
󰀩         
closing.
SPECIFIC INSTRUCTIONS FOR



the appropriate WV Income Tax Return. Failure to do so will
result in the disallowance of the credit claimed.
The manner in which the income tax withheld is claimed by
the nonresident individual or nonresident entity depends on
           

tax withheld on a line other than as described below may
result in the withholding being denied.

       

withheld and reported on Line 8 of Form WV/NRSR must be
claimed as a Withholding Income Tax payment.

        
Corporation Net Income/Business Franchise Tax Return

on Line 8 of Form WV/NRSR must be claimed as a
withholding income tax payment.


S corporation, partnerships and limited liability companies
and business trusts that elect to be treated as pass-through
       

          
Form WV/NRSR must be claimed as a withholding income
tax payment.
This tax, and any other tax paid with Form WV/NRSR must
be allocated to the nonresident shareholders, partners or

WV statement. All tax allocated to a nonresident shareholder,
partner or member must be claimed as a nonresident tax
paid by S corporations, or other unincorporated business
entities.

Trustees of trusts and personal representatives of estates
         

8 of the From WV/NRSR must be claimed as a withholding
tax payment.
WV/NRSR
Rev. 04/26
RETURN OF INCOME TAX WITHHOLDING FOR
NONRESIDENT SALE OF REAL PROPERTY
West Virginia
State Tax
Department
1. Property account ID Number:
Address and Description
2. Date of transfer
MM DD YYYY
3. Check if the transferor/seller is reporting gain
under the installment method.
4. Transferor/Seller’s Identication number
CHECK ONE
SSN
FEIN
ITIN
5. Spouse’s SSN Number 7. Transferor/Seller is:
a. Individual
b. Corporation
c. Trust or Estate
d. Business Trust
e. Partnership
f. S Corporation
g. Limited Liability Company
h. Limited Liability Partnership
6. Transferor/Seller’s name (Enter only one name, unless husband and wife are ling a joint return. If more
than one transferor/seller, use separate forms for each.)
Street Address including City, State and Zip Code
8. Computation of total payment and tax to be withheld (see instructions)
a. Total sales price paid to transferor.................................................................................. a 
b. Less selling expenses..................................................................................................... b 
c. Less debts secured by mortgages or other liens on the property................................... c 
d. Net proceeds................................................................................................................... d 
e. Total payments (net proceeds paid to transferor)............................................................ e 
f. Transferor/seller’s ownership percentage........................................................................ f %
g. Transferor/seller’s share of total payment (multiply line e by line f)................................ g 
h. Enter applicable rate:
1) 2.5% of total payments, or
2) 4.58% of estimated capital gain $__________________...................................... h %
i. WV Income Tax withheld (multiply line g or amount of estimated capital gain by line h)
(If partial exemption granted, enter amount stated on Form WV/NRCE)........................... i 
COPY B – FOR TRANSFEROR/SELLER(RECORDS COPY)
WV/NRSR
Rev. 04/26
RETURN OF INCOME TAX WITHHOLDING FOR
NONRESIDENT SALE OF REAL PROPERTY
West Virginia
State Tax
Department
1. Property account ID Number:
Address and Description
2. Date of transfer
MM DD YYYY
3. Check if the transferor/seller is reporting gain
under the installment method.
4. Transferor/Seller’s Identication number
CHECK ONE
SSN
FEIN
ITIN
5. Spouse’s SSN Number 7. Transferor/Seller is:
a. Individual
b. Corporation
c. Trust or Estate
d. Business Trust
e. Partnership
f. S Corporation
g. Limited Liability Company
h. Limited Liability Partnership
6. Transferor/Seller’s name (Enter only one name, unless husband and wife are ling a joint return. If more
than one transferor/seller, use separate forms for each.)
Street Address including City, State and Zip Code
8. Computation of total payment and tax to be withheld (see instructions)
a. Total sales price paid to transferor.................................................................................. a 
b. Less selling expenses..................................................................................................... b 
c. Less debts secured by mortgages or other liens on the property................................... c 
d. Net proceeds................................................................................................................... d 
e. Total payments (net proceeds paid to transferor)............................................................ e 
f. Transferor/seller’s ownership percentage........................................................................ f %
g. Transferor/seller’s share of total payment (multiply line e by line f)................................ g 
h. Enter applicable rate:
1) 2.5% of total payments, or
2) 4.58% of estimated capital gain $__________________...................................... h %
i. WV Income Tax withheld (multiply line g or amount of estimated capital gain by line h)
(If partial exemption granted, enter amount stated on Form WV/NRCE)........................... i 
COPY C – FOR ISSUER
▼ Wv Nrsr PDF

Document Specs

Fact Name Details
Purpose of the Form This form ensures the collection of West Virginia income tax from nonresident sellers of real property.
Who Must File Nonresident individuals or entities selling real property in West Virginia must file this form unless exempt.
Filing Requirement A separate form must be completed for each nonresident transferor/seller involved in the transaction.
Filing Deadline The form must be filed within 30 days of the sale or transfer of the property.
Tax Withholding Rates Withholding tax can be calculated at 2.5% of total payments or 6.5% of the estimated capital gain.
Payment Instructions Payments should be made via check or money order payable to the West Virginia State Tax Department.
Governing Law This form is governed by West Virginia Code §11-21-71.
Claiming Withheld Tax Tax withheld must be claimed on the appropriate West Virginia income tax return for the year of the transfer.
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