Get Prop 58 Form

The Prop 58 Form is essential for claiming reassessment exclusion for property transfers between parents and children in California. Understanding how to accurately fill out this form online is crucial in ensuring you receive the correct property tax treatment.

Follow the steps to successfully complete the Prop 58 Form online.

1. Press the ‘Get Form’ button to obtain the Prop 58 Form and open it in the designated editor.
2. In Section A, provide the name and address of the transferor, ensuring that all information is accurate.
3. Proceed to Section B. Here, list the names of all additional transferors or sellers. Include their social security numbers and relationships to the primary transferor.
4. In Section C, input the full names of the transferee(s) or buyer(s). Describe their family relationship to the transferor(s), and answer specific questions regarding marriage or registered partnership status.
5. In the allocation of exclusion subsection, if the property's value exceeds one million dollars, detail the allocation of the exclusion you are claiming.
6. Certify the form by signing in the designated spaces for both transferors and transferees. Add the date and provide your mailing address, daytime phone number, and email address.
7. Review all the information for accuracy. Once confirmed, save any changes, and choose to download, print, or share the completed form as needed.

Complete your Prop 58 Form online today for a smooth property transfer process.