Anyone familiar with the Asset Transfer TAx Declaration form?

[Chris L.]

http://www.state.nj.us/treasury/taxation/pdf/ttdv1.pdf

I was just looking over the ATTD form in advance to figure out how to fill it out once my house is sold. I have some questions:

1. For #3 Cost after depreciation-I'm assuming thats cost basis -depreciation. Is that correct?

2. For #5-NOL carryover- what is that?

3. For #6-IRC SEction 1031 exchange-would the fee for the 1031 intermediary go in there or is that the amount of funds I will carry over to the 1031?

4. For #8-Amount of gain deferred-is this the amount that I will be putting into the 1031. I.e. If the sale price less settlement charges is 300k and I want 300k to be carried over to the 1031. Would #8 be where I write 300k? Or do I write that in the section #6?

5. What are installment proceeds?

Thank you for your help folks!