Form 593-E 2018 Real Estate Withholding - Computation of Estimated Gain or Loss - California

Form 593-E is a California Franchise Tax Board - issued form also known as the "Real Estate Withholding - Computation Of Estimated Gain Or Loss".

A PDF of the latest Form 593-E can be downloaded below or found on the California Franchise Tax Board Forms and Publications website.

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Real Estate Withholding —
TAXABLE YEAR
CALIFORNIA FORM
2018
593-E
Computation of Estimated Gain or Loss
(You are required to complete this form if you claim an exemption due to a loss or zero gain or if you elect an optional gain on sale
withholding amount.)
Part I – Seller/Transferor Information
Name
SSN or ITIN
-
-
Spouse’s/RDP’s name (if jointly owned)
Spouse’s/RDP’s SSN or ITIN (if jointly owned)
-
-
Address (apt./ste., room, PO box, or PMB no.)
FEIN
CA Corp no.
CA SOS file no.
City (If you have a foreign address, see instructions.)
State
ZIP code
-
Property address (if no street address, provide parcel number and county)
Part II – Computation
1 Selling price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 _______________
2 Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 _______________
3 Amount realized. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 _______________
4 Enter the price you paid to purchase the property (If you acquired the property other than by purchase,
see instructions, How to Figure Your Basis .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 _______________
5 Seller/Transferor-paid points . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 _______________
6 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 _______________
7 Other decreases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 _______________
8 Total decreases to basis . Add line 5 through line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 _______________
9 Subtract line 8 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 _______________
10 Cost of additions and improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _______________
11 Other increases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 _______________
12 Total increases to basis . Add line 10 and line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 _______________
13 Adjusted basis. Add line 9 and line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 _______________
14 Enter any suspended passive activity losses from this property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _______________
15 Add line 13 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ______________
16 Estimated gain or loss on sale. Subtract line 15 from line 3 and enter the amount here . If you have a loss or zero gain, skip lines 17 and 18 .
Complete the Seller/Transferor Signature area below and check the box on Form 593-C, Real Estate Withholding Certificate, Part II line 3 .
If you have a gain, go to line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 ______________
17 Optional gain on sale withholding amount. Check the applicable box for the filing type .
 Individual 12 .3%
 Corporation 8 .84%
 Bank and Financial Corporation 10 .84%
 Non-California Partnership 12 .3%
 S Corporation 13 .8%
 Financial S Corporation 15 .8%
Multiply the amount on line 16 by the tax rate for the filing type selected above and enter the result on line 17 . This is the optional gain on sale withholding amount .
If you elect the optional gain on sale withholding amount on line 17, get Form 593, Real Estate Withholding Tax Statement, and check the appropriate box on line 4
(Boxes B-G) for the Optional Gain on Sale Election, and transfer the amount on line 17 to Form 593, line 5 .
Sign Form 593 to certify the election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ______________
3
/
18 Total sales price withholding amount. Multiply the selling price on line 1 by
1
% ( .0333) and enter the amount on line 18 .
3
This is the total sales price withholding amount .
If you select the total sales price withholding amount on line 18, check Box A “
3
/
% (.0333) x Total Sales Price” on line 4 of
1
3
Form 593, and transfer the amount on line 18 to Form 593, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 ______________
Seller/Transferor Signature
Title and escrow persons and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding amounts .
Transferors are strongly encouraged to consult with a competent tax professional for this purpose .
To learn about your privacy rights, how we may use your information, and the consequences for not providing the requested information, go to ftb.ca.gov/forms and
search for 1131 . To request this notice by mail, call 800 .852 .5711 .
Under penalties of perjury, I declare that I have examined the information on this form, including accompanying schedules and statements, and to the best of my
knowledge and belief, it is true, correct, and complete . I further declare under penalties of perjury that if the facts upon which this form are based change, I will promptly
notify the Real Estate Escrow Person (REEP) .
Seller’s/Transferor’s Name
Seller’s/Transferor’s Signature
Date
It is unlawful to forge
Spouse’s/RDP’s Name (if jointly owned)
a spouse’s/RDP’s
Spouse’s/RDP’s Signature (if jointly owned)
Date
signature .
Form 593-E 2017
7151183
Real Estate Withholding —
TAXABLE YEAR
CALIFORNIA FORM
2018
593-E
Computation of Estimated Gain or Loss
(You are required to complete this form if you claim an exemption due to a loss or zero gain or if you elect an optional gain on sale
withholding amount.)
Part I – Seller/Transferor Information
Name
SSN or ITIN
-
-
Spouse’s/RDP’s name (if jointly owned)
Spouse’s/RDP’s SSN or ITIN (if jointly owned)
-
-
Address (apt./ste., room, PO box, or PMB no.)
FEIN
CA Corp no.
CA SOS file no.
City (If you have a foreign address, see instructions.)
State
ZIP code
-
Property address (if no street address, provide parcel number and county)
Part II – Computation
1 Selling price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 1 _______________
2 Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 2 _______________
3 Amount realized. Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 _______________
4 Enter the price you paid to purchase the property (If you acquired the property other than by purchase,
see instructions, How to Figure Your Basis .) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 4 _______________
5 Seller/Transferor-paid points . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 _______________
6 Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 _______________
7 Other decreases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 7 _______________
8 Total decreases to basis . Add line 5 through line 7 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 _______________
9 Subtract line 8 from line 4 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9 _______________
10 Cost of additions and improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 _______________
11 Other increases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 11 _______________
12 Total increases to basis . Add line 10 and line 11 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 _______________
13 Adjusted basis. Add line 9 and line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 _______________
14 Enter any suspended passive activity losses from this property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _______________
15 Add line 13 and line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 ______________
16 Estimated gain or loss on sale. Subtract line 15 from line 3 and enter the amount here . If you have a loss or zero gain, skip lines 17 and 18 .
Complete the Seller/Transferor Signature area below and check the box on Form 593-C, Real Estate Withholding Certificate, Part II line 3 .
If you have a gain, go to line 17 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 ______________
17 Optional gain on sale withholding amount. Check the applicable box for the filing type .
 Individual 12 .3%
 Corporation 8 .84%
 Bank and Financial Corporation 10 .84%
 Non-California Partnership 12 .3%
 S Corporation 13 .8%
 Financial S Corporation 15 .8%
Multiply the amount on line 16 by the tax rate for the filing type selected above and enter the result on line 17 . This is the optional gain on sale withholding amount .
If you elect the optional gain on sale withholding amount on line 17, get Form 593, Real Estate Withholding Tax Statement, and check the appropriate box on line 4
(Boxes B-G) for the Optional Gain on Sale Election, and transfer the amount on line 17 to Form 593, line 5 .
Sign Form 593 to certify the election . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ______________
3
/
18 Total sales price withholding amount. Multiply the selling price on line 1 by
1
% ( .0333) and enter the amount on line 18 .
3
This is the total sales price withholding amount .
If you select the total sales price withholding amount on line 18, check Box A “
3
/
% (.0333) x Total Sales Price” on line 4 of
1
3
Form 593, and transfer the amount on line 18 to Form 593, line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 ______________
Seller/Transferor Signature
Title and escrow persons and exchange accommodators are not authorized to provide legal or accounting advice for purposes of determining withholding amounts .
Transferors are strongly encouraged to consult with a competent tax professional for this purpose .
To learn about your privacy rights, how we may use your information, and the consequences for not providing the requested information, go to ftb.ca.gov/forms and
search for 1131 . To request this notice by mail, call 800 .852 .5711 .
Under penalties of perjury, I declare that I have examined the information on this form, including accompanying schedules and statements, and to the best of my
knowledge and belief, it is true, correct, and complete . I further declare under penalties of perjury that if the facts upon which this form are based change, I will promptly
notify the Real Estate Escrow Person (REEP) .
Seller’s/Transferor’s Name
Seller’s/Transferor’s Signature
Date
It is unlawful to forge
Spouse’s/RDP’s Name (if jointly owned)
a spouse’s/RDP’s
Spouse’s/RDP’s Signature (if jointly owned)
Date
signature .
Form 593-E 2017
7151183

Download Form 593-E 2018 Real Estate Withholding - Computation of Estimated Gain or Loss - California

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