GIT/REP-2: Nonresident Seller's Tax Prepayment Receipt (Revision 2021-10)
New Jersey · NJ Division of Taxation · Used for tax years 2025
Form GIT/REP-2 is New Jersey’s Nonresident Seller’s Tax Prepayment Receipt for a sale or transfer of property. It records seller and property details and certifies receipt of the estimated tax payment. The stamped original must be submitted with the deed to the county clerk for r
Who files this form
Nonresident individuals, estates, and trusts must complete Form GIT/REP-2 if they are selling or transferring New Jersey property and want to prepay the estimated tax.
Part-year residents are considered nonresidents. Each seller must complete a separate form unless the sellers are a married or civil union couple who file their Income Tax returns jointly.
If the property's total consideration is $1,000 or less, complete Form GIT/REP-3 instead and check box 6 under Seller’s Assurances.
What you'll need
- Form GIT/REP-2, completed in full and signed and dated.
- NJ-1040-ES GIT/REP-1 estimated tax voucher, located at the bottom of Form GIT/REP-1.
- Payment by check or money order, payable to the State of New Jersey – Division of Taxation.
- Information from the property deed, including the property description and address. You also need the seller’s ownership percentage, total consideration, seller’s share of consideration, and closing date.
- Authorization if a representative signs: either a Power of Attorney previously recorded or recorded with the deed, or an attached letter signed by the seller authorizing the representative to sign the form.
For recording, the settlement agent needs the stamped original prepayment receipt and the deed.
How to file
- Print or type the seller and property information on Form GIT/REP-2. Sign and date the Seller’s Declaration.
- Complete the NJ-1040-ES GIT/REP-1 estimated tax voucher at the bottom of Form GIT/REP-1.
- Before closing, submit both forms and the payment in person at one of the Division of Taxation’s Regional Information Centers. A Division employee will stamp the original receipt with the Director’s Seal.
- At closing, give the stamped original receipt to the settlement agent, usually the buyer or the buyer’s attorney. Keep a copy for your records.
- The settlement agent must submit the stamped original receipt with the deed to the appropriate county clerk for recording. The county clerk will attach the receipt to the deed.
Common mistakes
- Leaving the form incomplete. The county clerk will not record the deed unless the form is completed in its entirety.
- Using the property being sold as the seller’s address. Enter the seller’s primary residence or place of business instead.
- Submitting a photocopy for recording. The original must have a raised seal. Photocopies are not acceptable, and the county clerk will not record the deed without the stamped original.
- Having a representative sign without the required authorization. The Power of Attorney must be previously recorded or recorded with the deed, or a seller-signed authorization letter must be attached.
- Making a false statement. The declaration warns that false statements could be punished by a fine, imprisonment, or both.
Questions people ask
How much estimated tax must I prepay?
Multiply the gain from the property sale by 10.75%, the highest Gross Income Tax rate stated in the form. The estimated payment cannot be less than 2% of the consideration received. Estates and trusts determine gain without taking distributions to beneficiaries during the tax year into account.
What does “consideration” mean?
It includes money and the monetary value of other things paid or to be paid for the property transfer. It also includes a remaining mortgage that the transfer is subject to or the buyer assumes, and other liens or encumbrances not paid, satisfied, or removed in connection with the transfer.
Can multiple sellers use one form?
Each seller must complete a separate form unless they are a married or civil union couple who file their Income Tax returns jointly.
Am I treated as a nonresident if I lived in New Jersey for only part of the year?
Yes. The instructions treat part-year residents as nonresidents. They also state that a seller is considered a nonresident unless a new permanent residence or domicile has been established in New Jersey and is listed as the seller’s address on the form.