As I am reading the instructions for this form (IRS 593 instructions) it talks about financial ownership. It reads: if you are on the title for incidental purposes and you have no financial ownership, enter 0 and skip Seller/Transferor Signature. You will not be withheld upon. Examples of Seller/Trasnferors who are on the title for incidental purposes are:
* cosigners on title (eg parents co-signed to help their children qualify for the loan)
Would this apply to me? Can I say 0% ownership?
