Get Ca Ftb 593-e 2017

Filling out the CA FTB 593-E form online is a crucial process for individuals looking to claim an exemption due to a loss or zero gain in real estate transactions. This guide will walk you through each section of the form, providing detailed instructions to ensure a smooth and accurate online filing experience.

Follow the steps to complete the CA FTB 593-E form online.

1. Click 'Get Form' button to obtain the form and open it in the editor.
2. In Part I, enter the seller/transferor information. Include the name, Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN), and address details. If the property is jointly owned, also include the spouse’s or Registered Domestic Partner’s (RDP) name and their SSN or ITIN.
3. Provide the property address in the designated fields. If there is no street address, include the parcel number and county.
4. In Part II, begin the computation section. Enter the selling price in line 1, followed by the selling expenses in line 2. Then, calculate the amount realized by subtracting line 2 from line 1 and entering the result in line 3.
5. Input the purchase price of the property in line 4. If the property was acquired in a manner other than a purchase, refer to the instructions on how to figure your basis.
6. Continue completing the form by entering seller/transferor-paid points in line 5 and depreciation in line 6. For line 7, include any other decreases to basis, and then add lines 5 through 7 to obtain total decreases to basis in line 8.
7. Next, subtract line 8 from line 4 for the adjusted basis in line 9. Input any costs for additions and improvements for line 10, and other increases to basis in line 11. Add lines 10 and 11 to find total increases to basis in line 12.
8. Sum the amounts in line 9 and line 12 for the final adjusted basis in line 13. Enter any suspended passive activity losses from the property in line 14, and add lines 13 and 14 in line 15.
9. Calculate the estimated gain or loss on sale by subtracting line 15 from line 3 and entering the result in line 16. If you have a loss or zero gain, skip lines 17 and 18.
10. If applicable, indicate the optional gain on sale withholding amount in line 17 by checking the appropriate box and calculating the amount based on the selected tax rate.
11. In line 18, multiply the selling price on line 1 by 31/3% (.0333) to find the total sales price withholding amount. If you choose this method, make sure to check the corresponding box on Form 593.
12. Finally, sign and date the form in the Seller/Transferor Signature section, ensuring all information is true and complete before submitting. Review and confirm your entries before you save, download, print, or share the form.

Start completing your forms online today for a hassle-free process.