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Gift: This identifies whether the item is being sold as a gift to the recipient, which will be important for tax purposes the following year.

By signing a bill of sale agreeing to purchase something as-is, the buyer is agreeing that they’ve had the opportunity to inspect the item and found it to their satisfaction. As-is: This term means that the buyer is agreeing to purchase the item in its current state at the time of sale.The witness can be either a public notary or a party agreed upon by the buyer and seller. Witness information: If a witness is present to sign the bill of sale, their full name, address and other contact information will be listed here.Property: This section includes the date of the property transfer as well as any special conditions to the sale like “under warranty” or “as-is.” The VIN, plate number, and odometer reading for vehicles are listed here.Sales tax: This specifies whether sales tax will be included, how much it will be, and whether or not it is included in the price.This section can list any additional buyers. Buyer: This specifies the buyer’s information.This section can also list any additional sellers. Seller: This includes the seller’s information, such as name and address.Property location: This specifies the location of the item being sold, which can be especially important if the item is in a different state.