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California Free Printable 2021 Form 593 Real Estate Withholding Statement for 2022 California Real Estate Withholding Tax Statement

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Real Estate Withholding Tax Statement
2021 Form 593 Real Estate Withholding Statement

TAXABLE YEAR 2021 AMENDED: CALIFORNIA FORM Real Estate Withholding Statement •• Part I Remitter Information 593 Escrow or Exchange No. _________________________ •• REEP • Qualified Intermediary • Buyer/Transferee • Other________________________________ • FEIN • CA Corp no. • CA SOS file no. Business name First name Initial Last name SSN or ITIN Address (apt./ste., room, PO box, or PMB no.) City (If you have a foreign address, see instructions.) Part II Seller/Transferor Information State ZIP code If a grantor or nongrantor trust, check the box that applies. Telephone number • • Grantor • Nongrantor Trust First name/Grantor Initial Last name/Grantor SSN or ITIN Spouse’s/RDP’s first name (if jointly owned) Initial Last name Spouse’s/RDP’s SSN or ITIN (if jointly owned) Business/Nongrantor Trust name (if applicable)  FEIN  CA Corp no.  CA SOS file no. Address (apt./ste., room, PO box, or PMB no.) City (If you have a foreign address, see instructions.) State ZIP code Property address (provide street address, parcel number, and county) Telephone number Ownership percentage . % Part III Certifications which fully exempt the sale from withholding (See instructions) Determine whether you qualify for a full withholding exemption. Check all boxes that apply to the property being sold or transferred. 1. 2. 3. 4. 5. 6. 7. 8. 9. • 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. • The seller (or decedent, if sold by the decedent's estate or trust) last used the property as the seller’s (decedent's) principal residence under IRC 121 without regard to the two-year time period. • The seller has a loss or zero gain for California income tax purposes on this sale. Complete Part VI, Computation on Side 2. • The property is compulsorily or involuntarily converted, and the seller intends to acquire property that will qualify for nonrecognition of gain under IRC Section 1033. • The transfer qualifies for nonrecognition treatment under IRC Section 351 (property transferred to a corporation controlled by the transferor) or IRC Section 721 (property contributed to a partnership in exchange for a partnership interest). • The seller is a corporation (or a limited liability company (LLC) classified as a corporation for federal and California income tax purposes) that is either qualified through the California Secretary of State or has a permanent place of business in California. • The seller is a California partnership or qualified to do business in California (or an LLC that is classified as a partnership for federal and California income tax purposes that is not a single member LLC that is disregarded for federal and California income tax purposes). • The seller is a tax-exempt entity under California or federal law. • The seller is an insurance company, individual retirement account, qualified pension/profit sharing plan, or charitable remainder trust. If you checked one or more boxes in line 1 through line 9, withholding is not required. Go to Side 3, complete the perjury statement and sign. Provide Sides 1-3 to the remitter before the close of escrow or exchange transaction to submit to the Franchise Tax Board. Part IV Certifications that may partially or fully exempt the sale from withholding or if no exemptions apply (See instructions) Determine whether you qualify for a full, partial, or no withholding exemption. Check all boxes that apply to the property being sold or transferred. 10. 11. 12. • The transfer qualifies as either a simultaneous or deferred like-kind exchange under IRC Section 1031. See instructions for Form 593, Part IV. • The transfer of this property is an installment sale where the buyer must withhold on the principal portion of each installment payment. Copy of the promissory note is attached at the close of escrow. Complete Part V, Buyer/Transferee Information on Side 2. Withholding may be required. • No exemptions apply. Complete Part VII, Escrow or Exchange Information, on Side 3 for amounts to withhold. Withholding is required. 8601213 Form 593 2020 Side 1 Escrow or Exchange No. ___________________________ Remitter name SSN, ITIN, FEIN, CA corp no., or CA SOS file no. Part V Buyer/Transferee Information Complete this part if you checked box 11 in Part IV for an installment agreement. First name/Grantor Initial Last name/Grantor SSN or ITIN Spouse’s/RDP’s first name (if jointly purchased) Initial Last name Spouse’s/RDP’s SSN or ITIN • FEIN Business/Nongrantor Trust name (if applicable) • CA Corp no. • CA SOS file no. Address (apt./ste., room, PO box, or PMB no.) City (If you have a foreign address, see instructions.) Principal Amount of Promissory Note State ZIP code Installment Amount . Telephone number Interest Rate . . Repayment Period % Number of months Buyer's/Transferee's Acknowledgment to Withhold Read the "Buyer/Transferee" Information below. I acknowledge that I am required to withhold on the principal portion of each installment payment to the seller/transferor for the above shown California real property either at the rate of 3 1/3% (.0333) of the sales price or the Alternative Withholding Calculation, as specifed by the seller/transferor on Form 593, Real Estate Withholding Statement, of the principal portion of each installment payment. 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. I will send each withholding payment to the Franchise Tax Board by the 20th day of the month following the month of the installment payment. If the terms of the installment sale, promissory note, or payment schedule change, I will promptly inform the Franchise Tax Board. I understand that the Franchise Tax Board may review relevant escrow documents to ensure withholding compliance. I also understand that I am subject to withholding penalties if I do not withhold on the principal portion of each installment payment and do not send the withholding along with Form 593 to the Franchise Tax Board by the due date, or if I do not send one copy of Form 593 to the seller/transferor by the due date. Go to Side 3, complete the perjury statement and sign. Part VI Computation Complete this part if you checked and certified box 3 in Part III, or to calculate an alternative withholding calculation amount. 13. Selling price . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 _______________ 14. Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 14 _______________ 15. Amount realized. Subtract line 14 from line 13 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 _______________ 16. Enter the price you paid to purchase the property (see instructions, How to Figure Your Basis.) . . . . . . 16________________ 17. Seller/Transferor-paid points . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 ______________ 18. Depreciation . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 ______________ 19. Other decreases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 ______________ 20. Total decreases to basis. Add line 17 through line 19 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20________________ 21. Subtract line 20 from line 16 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 21________________ 22. Cost of additions and improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 22 ______________ 23. Other increases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 23 ______________ 24. Total increases to basis. Add line 22 and line 23 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 24________________ 25. Adjusted basis. Add line 21 and line 24 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 25 _______________ 26. Enter any suspended passive activity losses from this property . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 26________________ 27. Add line 25 and line 26 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 27 _______________ 28. Estimated gain or loss on sale. Subtract line 27 from line 15 and enter the amount here. If you have a loss or zero gain, skip lines 29 and 30. Certify on Side 3. Withholding is not required. If you have a gain, go to line 29 to calculate your withholding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 28 _______________ Side 2 Form 593 2020 8602213 Escrow or Exchange No. ___________________________ Remitter name SSN, ITIN, FEIN, CA corp no., or CA SOS file no. 29. Alternative withholding calculation 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% • Trust 12.3% • Financial S Corporation 15.8% Multiply the amount on line 28 by the tax rate for the filing type selected above and enter the amount here. This is the alternative withholding calculation amount. If you elect the alternative withholding calculation amount, then check the appropriate box on line 35, Boxes B-H, and enter the amount on line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 29 _______________ 30. Sales price withholding amount. Multiply the selling price on line 13 by 31/3% (.0333). This is the sales price withholding amount. If you select the sales price withholding amount, check box A on line 35 below and enter the amount on line 36 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 30 _______________ Part VII Escrow or Exchange Information . . . . . . . . . . . . . . . . . . . . . . . . . . • 31 32. Date of Transfer, Exchange Completion, Failed Exchange, or Installment Payment . . . . . . . . . . 31. Escrow or Exchange Number . 33. Sales Price, Failed Exchange, or Boot Amount $ ___________________ x Ownership Percentage 34. Type of Transaction (Check One Only): A • Conventional Sale/Transfer B • Installment Sale Payment • (mm/dd/yyyy) . % • 32 • 33 C • Boot D • Failed Exchange 35. Withholding Calculation (Check One Only): • Sales Price Method A • 31/3% (.0333) x Sales Price, Boot, or Installment Sale Payment Alternative Withholding Calculation Election B • Individual 12.3% x Gain on Sale C • Non-California Partnership 12.3% x Gain on Sale D • Corporation 8.84% x Gain on Sale E • Bank and Financial Corp. 10.84% x Gain on Sale 36. Amount Withheld from this Seller/Transferor F • S Corporation 13.8% x Gain on Sale G • Financial S Corporation 15.8% x Gain on Sale H • Trust 12.3% x Gain on Sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • 36 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. Perjury Statement Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct. I further certify that: Check the applicable box(s): • The sale is fully exempt from withholding as indicated by a check mark(s) in Part III. • The sale is fully or partially exempt from withholding as indicated by a check mark in Part IV, box 10 or 11. • The seller has elected the Alternative Withholding Calculation as indicated by a check mark in Part VII, line 35 (B-H). • The buyer/transferee understands and accepts the withholding requirements as stated on the Buyer's/Transferee's Acknowledgment to Withhold in Part V. The buyer/transferee should only check this box when involved in an installment sale. Sign Here Seller's/Transferor's signature Date Seller's/Transferor's spouse's /RDP's signature Date X X It is unlawful to forge Buyer's/Transferee's signature a spouse’s/RDP’s signature. Date X Buyer's/Transferee's spouse's/RDP's signature Date Remitter's name and Title/Escrow business name Telephone Number X 8603213 Form 593 2020 Side 3
Extracted from PDF file 2021-california-form-593.pdf, last modified October 2020

More about the California Form 593 Sales Tax TY 2021

This form requires the withholder's information along with the seller/transferor information. Escrow or Exchange information must also be filled out.

We last updated the Real Estate Withholding Tax Statement in January 2022, so this is the latest version of Form 593, fully updated for tax year 2021. You can download or print current or past-year PDFs of Form 593 directly from TaxFormFinder. You can print other California tax forms here.

Related California Sales Tax Forms:

TaxFormFinder has an additional 174 California income tax forms that you may need, plus all federal income tax forms. These related forms may also be needed with the California Form 593.

Form Code Form Name
Form 593-E Real Estate Withholding - Computation of Estimated Gain or Loss
Form 593-C Real Estate Withholding Certificate
Form 593-V Payment Voucher for Real Estate Withholding
593 Booklet Real Estate Withholding Booklet
Form 3593 Extension of Time for Payment of Taxes by a Corporation Expecting a Net Operating Loss Carryback
Form 593-I Real Estate Withholding Installment Sale Acknowledgement

Download all CA tax forms View all 175 California Income Tax Forms


Form Sources:

California usually releases forms for the current tax year between January and April. We last updated California Form 593 from the Franchise Tax Board in January 2022.

Show Sources >

About the Sales Tax

Sales taxes are applied to the transfer of goods (and sometimes services) to the end consumer in most of the fifty states, and are collected by the vendor from their customers and remitted to the state taxation department on a regular basis. Therefore, most sales tax related tax forms are applicable to businesses, and not private individuals.

Historical Past-Year Versions of California Form 593

We have a total of eleven past-year versions of Form 593 in the TaxFormFinder archives, including for the previous tax year. Download past year versions of this tax form as PDFs here:


2021 Form 593

2021 Form 593 Real Estate Withholding Statement

2020 Form 593

2020 Form 593 Real Estate Withholding Statement

2019 Form 593

2019 Form 593 Real Estate Withholding Tax Statement

2018 Form 593

2018 Form 593 - Real Estate Withholding Tax Statement

2017 Form 593

2017 Form 593 Real Estate Withholding Tax Statement

2016 Form 593

2016 Form 593 -- Real Estate Withholding Tax Statement

Real Estate Withholding Tax Statement (Fill-in) 2015 Form 593

2015 Form 593 -- Real Estate Withholding Tax Statement

Real Estate Withholding Tax Statement 2014 Form 593

2014 Form 593 -- Real Estate Withholding Tax Statement

Real Estate Withholding Tax Statement 2013 Form 593

2013 Form 593 -- Real Estate Withholding Tax Statement

PDF Form Pack generated by formuPack 2012 Form 593

PDF Form Pack

2011 California Form 593 2011 Form 593

2011 Form 593 - Real Estate Withholding Tax Statement


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