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Form 1099-MISC Fargo North Dakota: What You Should Know

Form NC-2 (Form 1099) is used to report the net gain on the disposition of a principal residence of the decedent. There are no state or local taxes to pay if the property was sold to benefit the deceased. Form NC-2 is prepared  by the tax office. Form NC-2 is not a real estate transfer tax Form NC-2 does not report taxes withheld by North Dakota. Form NC-2 is not a transfer tax Form NC-2 is only used for real estate transfers of real property. There is no state or local tax to pay if the real property is transferred as a gift. Form NC-2 was replaced for 2023 tax year on January 1, 2018. It was replaced because of new reporting requirements for the transfer tax. The new NC-2 is  available through the North Dakota State Tax Commission. There are three forms of state income tax with four rates of tax: • Flat tax for a single, married or single. • Personal state tax rates. • Corporate income tax rates. The flat tax is considered the lowest of the three tax rates. The personal tax rates are based on a person's tax rate which is based upon their filing status. All persons (married or single) in North Dakota pay personal state tax depending upon their filing status. North Dakota Income Tax Rates North Dakota Taxable Income Rates Single tax rate: 1,125 Married/Filing Jointly tax rate: 1,100 • All income is taxable. • Personal taxes are based on federal tax deductions. • State personal income tax rates are the same as federal tax deductions. North Dakota Personal Income Tax North Dakota personal income tax is calculated based upon a person's AGI. Individual income tax is calculated on a person's adjusted gross income. Adjusted gross income is the gross income that a person makes after all deductions and exemptions are considered. A person's AGI can be taxed on the individual or married/filing jointly. A married or filing jointly filing is required to file separate returns. A North Dakota resident who files a joint return is taxed on only one spouse at a rate of 3.7% (plus the combined Social Security and Medicare rates) on their combined income. You may see two numbers on each North Dakota income tax return. The first number is your total income and the second number is your taxable personal income.

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