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This version of the form is not currently in use and is provided for reference only. Download this version of
Form CVYT-1
for the current year.
Form CVYT-1 Real Estate Conveyance Tax Return - Rhode Island
What Is Form CVYT-1?
This is a legal form that was released by the Rhode Island Department of Revenue - Division of Taxation - a government authority operating within Rhode Island. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is form CVYT-1?
A: Form CVYT-1 is the Real Estate Conveyance Tax Return used in Rhode Island.
Q: What is Real Estate Conveyance Tax?
A: Real Estate Conveyance Tax is a tax on the transfer of real property.
Q: Who needs to file form CVYT-1?
A: Anyone who is involved in the transfer of real property in Rhode Island needs to file form CVYT-1.
Q: What information is required on form CVYT-1?
A: Form CVYT-1 requires information about the buyer, seller, property being transferred, and the sale price.
Q: Are there any exemptions to the Real Estate Conveyance Tax?
A: Yes, there are some exemptions available for certain types of transfers, such as transfers between spouses or transfers to a government entity.
Q: When is form CVYT-1 due?
A: Form CVYT-1 is due within 10 days of the transfer of real property.
Q: What happens if I don't file form CVYT-1?
A: Failure to file form CVYT-1 or pay the required tax may result in penalties and interest being assessed.
Q: Is the Real Estate Conveyance Tax deductible on my federal income tax return?
A: No, the Real Estate Conveyance Tax is not deductible on your federal income tax return.
Form Details:
- Released on March 1, 2021;
- The latest edition provided by the Rhode Island Department of Revenue - Division of Taxation;
- Easy to use and ready to print;
- Quick to customize;
- Compatible with most PDF-viewing applications;
- Fill out the form in our online filing application.
Download a fillable version of Form CVYT-1 by clicking the link below or browse more documents and templates provided by the Rhode Island Department of Revenue - Division of Taxation.
Download Form CVYT-1 Real Estate Conveyance Tax Return - Rhode Island
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