Get 2014 Form 593-e -- Real Estate Withholding Computation Of ...

Filling out the 2014 Form 593-E is essential for California real estate transactions to report and estimate withholding amounts. This guide will walk you through each section of the form to ensure a clear and efficient completion online.

Follow the steps to complete the form with ease.

1. Press the ‘Get Form’ button to access the form and open it in an online editor.
2. In Part I, enter the seller or transferor's name, including the social security number (SSN) or individual taxpayer identification number (ITIN). If applicable, include the spouse's or registered domestic partner's (RDP) details, followed by the address, city, state, and ZIP code.
3. Proceed to Part II. Begin with line 1 to enter the selling price, which includes the total amount received for the property. This should encompass any debts assumed by the buyer.
4. For line 2, detail the selling expenses, including commissions and any fees incurred during the sale.
5. Calculate the amount realized on line 3 by subtracting line 2 from line 1.
6. On line 4, enter the purchase price of the property, which is the total you initially paid or its equivalent.
7. Complete line 5 with any points that were paid by you to obtain the loan, if applicable.
8. On line 6, list the depreciation amount if applicable. Use the instructions provided to estimate if necessary.
9. Itemize any other decreases to your basis on line 7, which might include casualty losses or energy credits.
10. Calculate total decreases to basis on line 8 by adding lines 5 to 7.
11. Subtract line 8 from line 4 on line 9 to find the adjusted basis.
12. Proceed to lines 10-12 to detail any increases to your basis, including costs of improvements or closures.
13. Enter any suspended passive activity losses on line 14 related to the property.
14. On line 16, compute any estimated gain or loss based on the adjusted basis and amount realized from previous calculations.
15. If applicable, fill in the optional gain on sale withholding amount in line 17, selecting the correct category.
16. For line 18, calculate the total sales price withholding amount by multiplying the selling price by 31/3%.
17. Sign and date the form, ensuring all information is accurate and retaining a copy for your records. Save the changes, then choose to download, print, or share the completed form.

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