Anonymous
Not applicable

Investors & landlords

no. this is a withholding tax as a prepayment to Ca for the tax on the gain.  when you file your Ca return this will be treated as withholding, just like state withholding on a w-2, which will reduce the balance owed or increase your refund.  

 

http://nealweichel.com/i/uploads/nealweichel/2016/05/California-Withholding-Tax-on-the-Sale-of-Real-...