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 Real Estate Withholding Return for 2022

2022-2025 Form

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[Music] welcome to spidel's california minute i'm your host catherine sedan and this week we're covering mismatched and unclaimed real estate withholding and things for practitioners to look out for we'll be covering california specific tax issues like conformity proposition 19 and the pass-through entity elective tax at our upcoming critical california tax issues webinar on august 31st you can see a full list of topics covered and get registered at caltechs.com under the webinars tab withholding at source is required from the proceeds of the sale of california real property by both residents and non-residents of california and for certain business entities unless certain exceptions are met the rate of withholding is three and a half percent of the gross sales price unless an election is made to use an alternative rate based on the amount of gain from the sale the withholding is reported using form 593 real estate withholding statement however there have

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