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Form DT1 Deed Tax - Minnesota
What Is Form DT1?
This is a legal form that was released by the Minnesota Department of Revenue - a government authority operating within Minnesota. As of today, no separate filing guidelines for the form are provided by the issuing department.
FAQ
Q: What is Form DT1?
A: Form DT1 is the Deed Tax form used in Minnesota.
Q: What is Deed Tax?
A: Deed Tax is a tax imposed on the transfer of real property in Minnesota.
Q: Who needs to file Form DT1?
A: The person or entity transferring the real property is responsible for filing Form DT1.
Q: What information is required on Form DT1?
A: Form DT1 requires information such as the names of the grantor and grantee, property description, and sale price.
Q: Is there a deadline for filing Form DT1?
A: Yes, Form DT1 must be filed within 30 days of the transfer of the real property.
Q: How much is the Deed Tax in Minnesota?
A: The Deed Tax rate in Minnesota varies depending on the county and the value of the property.
Q: Are there any exemptions to the Deed Tax?
A: Yes, certain transfers of real property are exempt from the Deed Tax. It is best to consult the Minnesota Department of Revenue or a qualified tax professional for more information.
Q: What happens if I don't file Form DT1?
A: Failure to file Form DT1 or pay the required Deed Tax may result in penalties and interest.
Q: Can I e-file Form DT1?
A: Yes, electronic filing is available for Form DT1 in Minnesota.
Form Details:
- Released on April 1, 2021;
- The latest edition provided by the Minnesota Department of Revenue;
- 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 DT1 by clicking the link below or browse more documents and templates provided by the Minnesota Department of Revenue.
