Get 593 Form

The 593 Form is essential for California real estate transactions, particularly when claiming an exemption due to loss or zero gain. This guide provides clear, step-by-step instructions to help you complete the form online, ensuring accuracy and compliance.

Follow the steps to effectively complete the 593 Form online.

1. Click ‘Get Form’ button to access the 593 Form and begin the filling process.
2. Enter the seller or transferor's name and Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN) in the designated fields. Include the spouse’s or registered domestic partner’s (RDP) name and identification number if the property is jointly owned.
3. Fill in the address details, including the street address, city, state, and ZIP code. If not available, provide the parcel number and county for the property.
4. In the transaction section, specify the selling price, selling expenses, and calculate the amount realized by subtracting the selling expenses from the selling price.
5. Enter the purchase price you initially paid for the property in the appropriate field, along with any seller-paid points and depreciation amounts if applicable.
6. Complete the sections for adjustments to the basis, including total decreases and increases, and calculate the adjusted basis.
7. If applicable, enter any suspended passive activity losses related to the property and calculate the estimated gain or loss on the sale.
8. Indicate whether you are opting for gain on sale withholding by filling in the relevant boxes and transferring the amount to Form 593 as needed.
9. Sign the form, ensuring that all information is accurate and complete before concluding your filing. After signing, you can save changes, download, print, or share the completed form.

Begin the process of completing your documents online today.