Get Ca Ftb 593-e 2019-2025

The California Form 593-E is essential for individuals claiming an exemption due to a loss or zero gain from the sale of real estate. This guide provides clear, step-by-step instructions for completing the form online, ensuring you accurately report your information.

Follow the steps to accurately complete the CA FTB 593-E online.

1. Press the ‘Get Form’ button to obtain the document and open it in your preferred editor.
2. Begin with Part I, providing the seller or transferor information. Enter your full name, Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), and, if applicable, the name and SSN or ITIN of your spouse or registered domestic partner (RDP). Fill in the complete mailing address, including city, state, and ZIP code.
3. Specify any applicable identification numbers such as FEIN, California Corporation number, or California Secretary of State file number, if relevant.
4. In Part II, start with the computation section. Enter the selling price of the property in line 1, followed by the selling expenses in line 2.
5. Calculate the amount realized by subtracting line 2 from line 1 and enter it on line 3.
6. Input the price paid to acquire the property on line 4. If you did not purchase the property, follow the provided instructions related to establishing your basis.
7. Enter any seller or transferor-paid points on line 5.
8. Complete line 6 by entering the depreciation amount.
9. Record any other decreases to your basis on line 7.
10. Calculate the total decreases to your basis by adding lines 5 through 7 and enter the result on line 8.
11. Subtract the total decreases from the price paid and enter the figure on line 9.
12. For costs of additions and improvements, enter the total on line 10.
13. Enter any other increases to your basis on line 11.
14. Determine the total increases by adding lines 10 and 11 and enter the figure on line 12.
15. Calculate the adjusted basis by adding lines 9 and 12; this amount goes on line 13.
16. If you have any suspended passive activity losses from the property, enter them on line 14.
17. Add the adjusted basis from line 13 and any suspended losses from line 14 and enter the total on line 15.
18. Finally, calculate the estimated gain or loss on the sale by subtracting line 15 from line 3 and enter the result on line 16. If you have a loss or zero gain, skip lines 17 and 18.
19. If applicable, complete line 17 by checking the box corresponding to your filing type and calculate the optional gain withholding amount based on line 16.
20. Multiply the selling price (line 1) by 31/3% (.0333) for line 18, if you wish to elect the total sales price withholding amount.
21. Complete any necessary signature sections, ensuring you declare the accuracy of the form and providing your signature and date.
22. Once all fields are filled, save your changes, and options to download, print, or share the completed form are available.

Complete your CA FTB 593-E online quickly and easily today.