California Form 593 - Real Estate Withholding Tax Statement - 2016 Page 5

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Additional Information
Step 2: Calculate the optional gain on sale
If a failed deferred exchange had boot withheld
withholding amount:
upon in the original relinquished property,
For additional information or to speak to
reduce the withholding amount by the amount
a. Installment payment. . . . . . .$__________
a representative regarding this form, call
previously remitted to the FTB.
the Withholding Services and Compliance
b. Multiply line a by installment
*Tax Rates
telephone service at:
sale withholding percent
calculated in Step 1 . . . . . . .$__________
Individual . . . . . . . . . . . . . . . . . . . . . . . 12.3%
888.792.4900, or
Non-California Partnership . . . . . . . . . . 12.3%
916.845.4900
c. Withholding amount, multiply
Corporation. . . . . . . . . . . . . . . . . . . . . . 8.84%
FAX 916.845.9512
line b by the applicable tax rate*
Bank and Financial Corporation. . . . . . 10.84%
for your filing type . . . . . . . .$__________
Or write to:
S Corporation . . . . . . . . . . . . . . . . . . . . 13.8%
When withholding on the principal portion of
WITHHOLDING SERVICES AND
Financial S Corporation. . . . . . . . . . . . . 15.8%
each installment payment using the Optional
COMPLIANCE
Gain on Sale Election, the seller/transferor
Seller/Transferor Signature
FRANCHISE TAX BOARD
must provide the buyer/transferee with the
PO BOX 942867
A signature is only required by the
Installment Sale Withholding percent to include
SACRAMENTO CA 94267-0651
seller/transferor if the Optional Gain
on Form 593-
.
I
You can download, view, and print California
On Sale Election method is used. If the
Send the original Form 593, the required
tax forms and publications at ftb.ca.gov.
sellers/transferors are married or RDPs and
withholding payment on the principal portion
Or to get forms by mail, write to:
they plan to file a joint return, then your
of the first installment payment, and a copy of
signature and your spouse's/RDP's signature
TAX FORMS REQUEST UNIT
the promissory note to the FTB. Do not attach
are both required.
FRANCHISE TAX BOARD
a copy of the promissory note with subsequent
PO BOX 307
Preparer’s Name and Title/Escrow Business
installment payments.
RANCHO CORDOVA CA 95741-0307
Name
Exchange:
For all other questions unrelated to withholding
Provide the preparer’s name and title/escrow’s
a. Boot Amount. Not to
or to access the TTY/TDD number, see the
business name and phone number.
exceed recognized gain . . . .$__________
information below.
b. Withholding Amount. Multiply
Internet and Telephone Assistance
line a by the applicable tax
Website: ftb.ca.gov
rate* and enter the result
Phone:
800.852.5711 from within the
here and on Form 593,
United States
line 5 . . . . . . . . . . . . . . . . . .$__________
916.845.6500 from outside the
Failed Exchange:
United States
a. Gain on Sale from
TTY/TDD: 800.822.6268 for persons with
Form 593-E, line 16 . . . . . . .$__________
hearing or speech impairments
b. Ownership Percentage. If
Asistencia Por Internet y Teléfono
multiple sellers/transferors
Sitio web: ftb.ca.gov
attempted to exchange this
Teléfono: 800.852.5711 dentro de los
property, enter this
Estados Unidos
seller’s/transferor's
916.845.6500 fuera de los Estados
ownership percentage.
Unidos
Otherwise, enter 100.00% . . . _ _ _ ._ _%
TTY/TDD: 800.822.6268 para personas con
c. Amount Subject to
discapacidades auditivas o del
Withholding. Multiply
habla
line a by line b . . . . . . . . . . .$__________
d. Withholding Amount. Multiply
line c by the applicable tax
rate* and enter the result here
and on Form 593, line 5 . . . .$__________
Page 4 Form 593 Instructions 2015

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