This form is a sample letter in Word format covering the subject matter of the title of the form.
This form is a sample letter in Word format covering the subject matter of the title of the form.
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.
The seller/transferor must complete and sign this form and return it to your REEP or remitter by the close of the real estate transaction for it to be valid. The buyer/transferee is not required to sign Form 593 when no exemptions apply.
To calculate the withholding using the Alternative Withholding Calculation Method, also known as the Optional Gain on Sale Election Method, multiply the estimated gain calculated on Form 593, Part VI, by the seller's or transferor's maximum tax rate. To find the current maximum tax rates, go to ftb.ca/Tax-Rates .