Αποτελέσματα Αναζήτησης
Determine whether you qualify for a full withholding exemption. Check all boxes that apply to the property being sold or transferred. The property qualifies as the seller’s (or decedent's, if sold by the decedent's estate or trust) principal residence under Internal Revenue Code (IRC) Section 121.
Who Must File. seller/transferor that qualifies for a full, partial, or no withholding exemption must file Form 593. Any remitter (individual, business entity, trust, estate, or REEP) who withheld on the sale/ transfer of California real property must file Form 593 to report the amount withheld.
I will complete Form 593 for the principal portion of each installment payment and send one copy of each to the Franchise Tax Board along with Form 593-V, Payment Voucher for Real Estate Withholding, the withholding payment, and give one copy of Form 593 to the seller/transferor.
For the required file format and record layout for electronic filing, get FTB Pub. 1023R, Real Estate Withholding Electronic Submission Requirements. If you are the preparer for more than one withholding agent, provide a separate electronic file for each withholding agent.
What is a 593 Form? The IRS explains: “Withholding is required when California real estate is sold or transferred. The real estate escrow person (REEP) is required to notify buyers of withholding requirements, unless the buyer is a QI in a deferred exchange.” Exceptions to Form 593
Use Form 593-E to determine your gain or loss on the sale and to calculate the optional gain on sale withholding amount . Keep this form for five years . C What is Real Estate Withholding? Real estate withholding is: •
Download or print the 2023 California Form 593 (Real Estate Withholding Tax Statement) for FREE from the California Franchise Tax Board.
