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What is ence ii?
ENCE II stands for Electronic Notice of Contractual Exemption. It is a form used to report certain residential purchase transactions to the IRS.
Who is required to file ence ii?
The purchaser of a residential property is required to file ENCE II if the seller has claimed an exemption from withholding on the sale.
How to fill out ence ii?
ENCE II can be filled out electronically using the IRS website or by submitting a paper form by mail.
What is the purpose of ence ii?
The purpose of ENCE II is to report residential purchase transactions where the seller has claimed an exemption from withholding on the sale.
What information must be reported on ence ii?
ENCE II requires information such as the names and addresses of the buyer and seller, the property address, the exemption claimed, and the sale price.
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