593 Form Instructions - Web first, complete your state return. Second, go back to your federal return. It is not an additional tax on the sale of real estate. Complete this section to enter your information. When is real estate withholding required? What is california real estate withholding? Use a separate form 593 to report the amount withheld from each seller. 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. If your turbotax navigation looks different from what’s described here, learn more. The real estate escrow person (reep) is required to notify buyers of withholding requirements, unless the buyer is a qualified intermediary (qi) in a deferred exchange.
What is california real estate withholding? Complete this section to enter your information. It is not an additional tax on the sale of real estate. Use a separate form 593 to report the amount withheld from each seller. Real estate withholding is a prepayment of income (or franchise) tax due from sellers on the gain from the sale of california real property. When you reach take a look at california credits and taxes, select start next to real estate and other withholding. 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. Web first, complete your state return. Second, go back to your federal return. Withholding is required when california real estate is sold or transferred. If your turbotax navigation looks different from what’s described here, learn more. The real estate escrow person (reep) is required to notify buyers of withholding requirements, unless the buyer is a qualified intermediary (qi) in a deferred exchange. When is real estate withholding required?