California Real Estate Withholding Certificate

Real Estate Withholding Certificate
2019 Form 593-C  - Real Estate Withholding Certificate
TAXABLE YEAR

2019

CALIFORNIA FORM

593-C

Real Estate Withholding Certificate

Part I – Seller/Transferor Information	

Return this form to your escrow company.

Name

SSN or ITIN

Spouse’s/RDP’s name (if jointly owned)

Spouse’s/RDP’s SSN or ITIN (if jointly owned)

Address (apt./ste., room, PO box, or PMB no.)

  FEIN    CA Corp no.    CA SOS file no.

City (If you have a foreign address, see instructions.)

State

ZIP code

Property address (if no street address, provide parcel number and county)

-

-

-

Ownership percentage

.   %

To certify that you qualify for a full or partial withholding exemption, check all boxes that apply to the property being sold or transferred. (See instructions)

Part II – Certifications which fully exempt the sale from withholding:
 1.	 	 The property qualifies as the seller’s/transferor’s (or decedent’s, if sold by the decedent’s estate or trust) principal residence within the meaning of Internal
Revenue Code (IRC) Section 121.
 2.	 	 The seller/transferor (or decedent, if sold by the decedent’s estate or trust) last used the property as the seller’s/transferor’s (decedent’s) principal residence within
the meaning of IRC Section 121 without regard to the two-year time period.
 3.	 	 The seller/transferor has a loss or zero gain for California income tax purposes on this sale. To check this box you must complete Form 593-E, Real Estate
Withholding‑Computation of Estimated Gain or Loss, and have a loss or zero gain on line 16.
 4.	 	 The property is being compulsorily or involuntarily converted and the seller/transferor intends to acquire property that is similar or related in service or use to
qualify for nonrecognition of gain for California income tax purposes under IRC Section 1033.
 5.	 	 The transfer qualifies for nonrecognition treatment under IRC Section 351 (transfer to a corporation controlled by the transferor) or IRC Section 721 (contribution
to a partnership in exchange for a partnership interest).
 6.	 	 The seller/transferor is a corporation (or a limited liability company (LLC) classified as a corporation for federal and California income tax purposes) that is either
qualified through the California Secretary of State (SOS) or has a permanent place of business in California.
 7.	 	 The seller/transferor is a California partnership or a partnership qualified to do business in California (or an LLC that is classified as a partnership for federal and
California income tax purposes and is not a single member LLC that is disregarded for federal and California income tax purposes).
  8.	 	 The seller/transferor is a tax-exempt entity under California or federal law.
  9.	 	 The seller/transferor is an insurance company, individual retirement account, qualified pension/profit sharing plan, or charitable remainder trust.

Part III – Certifications that may partially or fully exempt the sale from withholding:
Real Estate Escrow Person (REEP): See instructions for amounts to withhold.
10.	 	 The transfer qualifies as a simultaneous like-kind exchange within the meaning of IRC Section 1031.
11.	 	 The transfer qualifies as a deferred like-kind exchange within the meaning of IRC Section 1031.
12.	 	 The transfer of this property is an installment sale where the buyer/transferee is required to withhold on the principal portion of each installment payment. Copies
of Form 593-I, Real Estate Withholding Installment Sale Acknowledgement, and the promissory note are attached.

Seller/Transferor Signature
To learn about your privacy rights, how we may use your information, and the consequences for not providing the requested information, go to ftb.ca.gov/forms and search
for 1131. To request this notice by mail, call 800.852.5711.
Under penalties of perjury, I declare that I have examined the information on this form, including accompanying schedules and statements, and to the best of my knowledge
and belief, it is true, correct, and complete. I further declare under penalties of perjury that if the facts upon which this form are based change, I will promptly notify
the REEP.
Seller’s/Transferor’s Name and Title

Seller’s/Transferor’s Signature

Date

Spouse’s/RDP’s Name

Spouse’s/RDP’s Signature

Date

Seller/
	
Transferor
	

If you checked any box in Part II, you are exempt from real estate withholding.
If you checked any box in Part III, you may qualify for a partial or complete withholding exemption.

	

Except as to an installment sale, if the seller/transferor did not check any box in Part II or Part III of Form 593-C, the withholding will be 31/3% (.0333) of the
total sales price or the optional gain on sale withholding amount from line 5 of Form 593, Real Estate Withholding Tax Statement. If the seller/transferor does
not return the completed Form 593 and Form 593-C by the close of the real estate transaction, the withholding will be 31/3% (.0333) of the total sales price,
unless the type of transaction is an installment sale. If the transaction is an installment sale, the withholding will be 31/3% (.0333) of the down payment.

	

If you are withheld upon, the REEP should give you one copy of Form 593. Attach a copy to the lower front of your California income tax return and make a
copy for your records.

7131193

Form 593-C  2018