CA 3 1/3% tax witholding for sale of Rental property paid at Escrow

[optca50]

I sold my rental property in CA and received a 1099-S. 

On the escrow form it indicated I had $20k withheld for "Franchise Tax Board Witholding" which was 3 1/3% of the sales price. 

Question 1: Was I also supposed to have received a 592-b or 593 form from escrow? 

Question 2: I did enter the  $20k under the Federal tax section. But should I also enter it somewhere on the State section?

[MonikaK1 · Accepted solution]

The withholding should have been identified on the escrow closing statement and you should have received either Form 592-B (Resident and Nonresident Withholding Tax Statement) or Form 593 (Real Estate Withholding Tax Statement). a 592-b or other withholding statement.

Entering the amount in the Federal section as a tax payment for California should carry the amount over to the state return.

The California interview does provide a place to enter the withholding: on the Credits and Taxes page, under Payments and Withholding, Real Estate and Other Withholding. Only make an entry there if it didn't carry over from the Federal return. 

[optca50]

Thank you. I found form 593 included in the escrow papers. 

Now for Turbo tax, there is a Form 593 that says "For electronic filing only". 

I am mailing in my tax return. Am I required to fill out this form?

[JulieS · Accepted solution]

Yes, because you have state taxes withheld on your Form 593, you should attach it to your mailed California tax return.