Form 593-L - Real Estate Withholding - Computation Of Gain Or Loss - 2003

YEAR

Real Estate Withholding —

CALIFORNIA FORM

2003

593-L

Computation of Gain or Loss

Adjusted Basis of the Property Sold

— Property address (if no street address, provide parcel number and county)

Caution: If you acquired the property other than by purchase, see Table 1 on page 6 before you use this form.

1 Enter the purchase price of the property being sold . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

1 __________________

2 Seller-paid points. (These are the points that the seller paid for you when you purchased the property. Do not include

any seller-paid points you already subtracted to arrive at the amount entered on line 1, above.) . . . . . . . . . . . . . . . . . . . . . . 2 ___________________

3 Subtract line 2 from line 1 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3 ___________________

4 Settlement fees or closing costs.

a Abstract and recording fees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . a ________________

b Legal fees (including title search and preparing contract and deed) . . . . . . . . . . . . . . . . . . . . . . . . . b ________________

c Surveys . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . c ________________

d Title insurance . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . d ________________

e Transfer or stamp taxes . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . e ________________

f

Amounts the seller owed that you agreed to pay without reimbursement

(back taxes or interest, recording or mortgage fees, and sales commissions) . . . . . . . . . . . . . . . . . . f ________________

g Other . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . g ________________

5 Add line 4a through line 4g . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 5 ___________________

6 Basis. Add line 3 and line 5 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6 ___________________

7 Cost of additions and improvements. Do not include any additions and improvements included on line 1, above . . . . . . . . 7 ___________________

8 Special tax assessments paid for local improvements, such as streets and sidewalks . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 8 ___________________

9 Other increases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .

9 __________________

10 Add line 6 through line 9 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 10 __________________

11 Depreciation related to business use of the property. Enter the greater of: 1) the amount you claimed on your California

income tax returns or 2) the amount you could have claimed for the years of business use . . . . . . . . . . . . . . . . . . . . . . . . . . 11 __________________

12 Other decreases to basis . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 12 __________________

13 Add line 11 and line 12 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 13 __________________

14 Adjusted Basis of the property sold. Subtract line 13 from line 10. Enter here and on line 18 . . . . . . . . . . . . . . . . . . . . . . . 14 __________________

Gain or Loss on the Sale

15 Selling price of the property in the current sale . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 15 __________________

16 Selling expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 16 __________________

17 Amount Realized. Subtract line 16 from line 15 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 17 __________________

18 Adjusted basis of the property from line 14 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 18 __________________

19 If line 17 is larger than line 18, subtract line 18 from line 17. You have a gain on the sale. (You must check the “NO” box

1

on Form 593-C, line 3. Escrow will withhold 3

/

percent of the full sales price.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 19 __________________

3

20 If line 18 is larger than line 17, subtract line 17 from line 18. You have a loss on the sale.

(Check the “YES” box on Form 593-C, line 3.) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 20 ___________________

Seller’s Signature

Under penalties of perjury, I hereby certify that the information provided above is, to the best of my knowledge, true and correct. If conditions change,

I will promptly inform the withholding agent. I understand that completing this form does not exempt me from filing a California income tax return to

report this sale.

Seller’s name (type or print) __________________________________________________________________________________________________

Spouse’s name (if on title) ___________________________________________________________________________________________________

Seller’s signature _____________________________________________________________________________ Date: ________________________

Spouse’s signature (if applicable) ________________________________________________________________ Date: ________________________

593L03203

Form 593-L

(NEW 12-2002)

C2

For Privacy Act Notice, get form FTB 1131.