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WaterDivision202FlemingHillRoadVallejoCA94589707.648.4307October 15, 2018
TO:Prospective BiddersSUBJECT:
FILE:ADDENDUM No. 1
WHIP FY1819 No. WT8050 (14.03)The following changes shall be made in the
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How to fill out 8050 addendum 1
How to fill out 8050 addendum 1
01
To fill out Form 8050 Addendum 1, follow these steps:
02
Start by entering the seller's name and address in the designated fields.
03
Provide the buyer's name, address, and taxpayer identification number (TIN).
04
Indicate the date of the sale and the total purchase price of the assets in question.
05
Fill in the respective cost or adjusted basis of the assets being sold.
06
If applicable, include any installment payment information.
07
Enter the description of the assets being sold along with their identification numbers.
08
Provide the date and location of the sale.
09
Add any additional information or attachments required.
10
Lastly, sign and date the form.
11
Ensure that all information entered is accurate and complete before submitting the form.
Who needs 8050 addendum 1?
01
Form 8050 Addendum 1 is required by individuals or entities who have engaged in the sale of assets that require reporting to the Internal Revenue Service (IRS). This includes sellers and buyers involved in transactions such as the sale of real estate, stocks, bonds, or other capital assets.
02
It is usually used in conjunction with Form 8594, which is used to report asset acquisitions and determine the allocation of the purchase price among various assets.
03
Consult with a tax professional or refer to the IRS guidelines to determine if you need to file Form 8050 Addendum 1 for your specific transaction.
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What is 8050 addendum 1?
8050 addendum 1 is a form used to report additional information related to a specific document or filing.
Who is required to file 8050 addendum 1?
The parties involved in the original filing or document may be required to file 8050 addendum 1.
How to fill out 8050 addendum 1?
8050 addendum 1 should be filled out with the requested information in the designated sections of the form.
What is the purpose of 8050 addendum 1?
The purpose of 8050 addendum 1 is to provide supplementary information or updates to a previous filing or document.
What information must be reported on 8050 addendum 1?
The information to be reported on 8050 addendum 1 may vary depending on the specific requirements of the original filing.
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