Certification/Signature: All parties need to sign a bill of sale to finalize the transfer of ownership.Gift: If someone is giving another person a large gift, a gift bill of sale can help both parties file taxes during the next year.As-is: If a bill of sale lists the item as being sold “as-is,” then the buyer agrees to purchase the item in its current state with no holds on the seller.The bill of sale should include their contact information, too. A witness can be a third party or a notary public. Witness information: Some bills of sale must be witnessed to be legally binding.Property location: This is where the property is located, such as county or state.Property: The item that’s being sold is the “property.” The bill of sale will list the date of sale and a description of the property. Sales tax: If the sold item is subject to sales tax, the bill of sale should explain how much sales tax should be paid and whether the tax is included in the price.The bill of sale should include their name and address, along with information about any additional buyers. Buyer: The person paying for the item is the buyer.The bill of sale should include information, such as their name and address. Seller: The person selling the item is called the primary seller.
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