Form 593 information may be filed with the FTB electronically, using FTB’s Secure Web Internet File Transfer (SWIFT). However, the REEP must provide the seller/transferor with a copy of Form 593. For installment sales, the REEP must also mail a copy of the promissory note to the FTB with the down payment only.
What is California form 593c?
Purpose. Use Form 593-C, Real Estate Withholding Certificate, to certify that you qualify for a full or partial withholding exemption.
Do you have to file Form 593 when selling property in California?
A 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.
What do I need to know about form 593?
Form 593-E, Real Estate Withholding – Computation of Estimated Gain or Loss Form 593-I, Real Estate Withholding Installment Sale Acknowledgement All essential information from the forms was consolidated into the new Form 593.
How to claim California tax withholding credit form 593?
To claim the withholding credit you must file a California tax return. Report the sale or transfer as required. Enter the amount from Form 593, line 36, Amount Withheld from this Seller/Transferor, on your California tax return as withholding from Form (s) 592-B, Resident and Nonresident Withholding Tax Statement, or 593.
Where to send form 593 to California Franchise Tax Board?
When remitting payments by EFT, mail a copy of Form 593 to the following address: FRANCHISE TAX BOARD PO BOX 942867 SACRAMENTO CA 94267-8888. A. Purpose. Use Form 593 to report real estate withholding on sales closing in 2013, on installment payments made in 2013, or on exchanges that were completed or failed in 2013.