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Screen CA593 - California Real Estate Withholding Tax Statement (1040)

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Overview

California withholding is reported on Form 540/540NR either as real estate and other withholding (Form 540, line 73 or Form 540NR, line 83), representing withholding reported via Forms 593 or 592-B or as California income tax withheld (Form 540, line 71 or Form 540NR, line 81), representing all other sources of withholding.
California withholding entered at the federal level defaults to being reported on Form 540, line 71 or Form 540NR, line 81. California withholding may be entered on federal Screens W2, W2G, 1099R, A, St Pmt, B&D, C, Rent, Farm, 4835, K1-4, K1T-2, Income, 1099M, and SSA-1099. Use the
Amount withheld from this seller
 field on this screen to move an amount from Form 540, line 71 to line 73 or from Form 540NR, line 81 to line 83.
  • If the withholding is not entered in the federal screens, mark the
    Amount not entered as withholding on any federal screen
     field.
  • If the withholding was entered on the federal K1-4 Screen or the federal K1T-2 Screen, you must use the fields on this screen to identify the corresponding K-1 activity.
For returns filed electronically, amounts reported as real estate and other withholding on Form 540/540NR require supplemental data entry on the CA593, CA593-2, CA593-3, and CA592-B Screens. Information in these screens is included in an electronically filed return as required by the Franchise Tax Board.
Similar to Form 540/540NR electronic filing requirements, California FTB requires supplemental data entry for electronically filed Form 568 (LLC) returns which include withholding amounts from Form 592-B or Form 593. If an entry is made in the
LLC unit number
 field, information in this screen is used for reconciling the Form 568 electronic record of the activity selected instead of the Form 540/540NR electronic record. UltraTax CS does not transfer withholding entered in federal screens to Form 568. When a unit of this screen is attributable to an LLC, the amount entered in the
Amount withheld from this seller
 field on the CA593-3 Screen is reported on Form 568 for the corresponding activity.
note
Saving a name of a withholding agent in the view attached to the
Name
 field saves all information entered related to the withholding agent. Entering the same name in the
Name
 field in any CA592B Screen or CA593 Screen for any client in the same data directory automatically populates all other fields in the section with the most recently entered information.

593 Facsimile

Information for Parts I, II, & VII is required. Information for Parts III, IV, V, & VI is optional.
Enter required Form 593 info for ELF, including
Part I - Withholding Agent:
  • Enter Name or Business name. If entering Name (of individual), enter a first name and a last name, separated by a space.
  • Enter Address
  • Enter City, state, and ZIP code -or- enter Foreign country code/name
  • Enter ID Number: Enter FEIN, CA corporation number (7 digits), or SSN/ITIN
Part II - Seller or Transferor:
  • Enter Property address and Property city, state, ZIP code -or- enter Parcel number and county.
note
You may leave
Property address
 and
Property city
,
state
, and
ZIP code
 fields blank if you are entering Parcel number and county. However, if you enter a portion of the property address, you must complete all four fields (Property address, Property city, state, ZIP code) with a domestic (U.S.) address in order to file the return electronically. If Form 593 includes California withholding on property outside the U.S., leave the Property location fields blank and enter only the Parcel number and county. If this information is omitted, return must be paper-filed.
  • Part VII - Escrow or Exchange Information:
  • Enter Escrow or Exchange Number
  • Enter Date of Transfer
  • Enter Type of transaction. Select the appropriate choice from the fieldview.
  • Enter Withholding Calculation. Select the appropriate choice from the fieldview.
Preparer Information:
  • Enter Name
  • Enter Telephone number
  • Enter Escrow business name
K1 Schedule/Unit/Description
If the withholding is reflected on the CAK1-4 or CAK1T-2 Screen, you must identify the appropriate K-1 activity to which the withholding is attributable in order to file the return electronically. Choose the type of Schedule (K1 or K1T) and Unit number from the available fieldviews.
LLC unit number
To include information on this screen in the electronic record for Form 568 instead of Form 540/540NR, select the appropriate LLC activity from the fieldview.
Amount withheld from this seller.
Form 540/540NR returns:
When
LLC unit number
 field is blank, the amount entered here is reported on Form 540, line 73 or Form 540NR, line 83.
When
Withholding not entered on any federal screen
 and
LLC unit number
 fields are both blank, Form 540, line 71 or Form 540NR, line 81 is reduced by the amount in this field.
Form 568 returns:
When an entry is made in the
LLC unit number
 field, the amount entered here is included on Form 568.

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