NJ bulk sale law

[Kris Rasmussen]

Hey everyone,

So I just finished my first flip and have it under contract with a buyer.  The buyer's attorney is asking me to fill in an "Asset Transfer Tax Declaration" form.  A couple of question to the NJ flippers out there:

1) Do I really need to fill this in? The bulk sales law seems to be a little murky for rehabbers.

2) If yes, can I do it myself or do I need an accountant?

Any help would be appreciated.

Thanks,

Kris