Get Ca Ftb 593-e 2012

Filling out the CA FTB 593-E form online is essential for individuals claiming an exemption due to a loss or zero gain from real estate transactions. This guide will provide you with a clear, step-by-step approach to successfully complete the form and ensure compliance with California tax regulations.

Follow the steps to fill out the CA FTB 593-E form correctly:

1. Press the 'Get Form' button to access the CA FTB 593-E form and open it in your preferred online editor.
2. Enter the seller or transferor's name along with their Social Security Number (SSN) or Individual Taxpayer Identification Number (ITIN). If the property is jointly owned, include the spouse or registered domestic partner's name and SSN or ITIN.
3. Fill in the seller's address, including any suite, room, PO Box, or personal mail box number, along with the city, state, and ZIP code.
4. Input the property's selling price on line 1, followed by any applicable selling expenses on line 2. Calculate the amount realized by subtracting line 2 from line 1, and enter the result on line 3.
5. On line 4, enter the purchase price paid for the property. If the property was acquired through methods other than purchase, refer to the provided instructions.
6. Complete lines 5 through 7 by entering seller-paid points, depreciation, and other decreases to basis. On line 8, sum lines 5 through 7 to find the total decreases to basis.
7. On line 9, subtract the total decreases to basis (line 8) from the purchase price (line 4). For lines 10 and 11, enter the cost of any additions and improvements and any other increases to basis, respectively.
8. Calculate the total increases to basis on line 12 by adding lines 10 and 11, and then find the adjusted basis on line 13 by adding line 9 and line 12.
9. If there are any suspended passive activity losses from the property, enter that information on line 14. Then, add line 13 and line 14 together on line 15.
10. Determine the estimated gain or loss on sale by subtracting line 15 from line 3 and recording the result on line 16. If there is a loss or zero gain, skip to signing the form.
11. If there is a gain, complete line 17 by selecting the appropriate filing type and entering the optional gain on sale withholding amount, calculated based on line 16.
12. On line 18, calculate the total sales price withholding amount by multiplying the selling price on line 1 by 31/3% (.0333), and enter it accordingly.
13. Complete the seller's signature area, certifying that the information provided is accurate, and include the date. If applicable, include your spouse or partner's information.
14. Finally, ensure to save any changes, download a copy for your records, or share the completed form as necessary.

Start completing the CA FTB 593-E form online today for accurate real estate transaction reporting.