California Taxes on a property that is being sold and financed

Forum|Forum|5 years ago
April 27, 2021
1 reply
4 views

We are selling a property in California and we will finance the property. The title company is telling us they must collect 3.33% of the total of the sale. The total sale price is $375,000.00. I was under the impression we would be paying taxes on the actual money we receive.

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Best answer by abctax55

Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Cheers!

But here's a bone for you... research F 593 for CA. Actually, the Title Co should have given you the instructions/options.

abctax55Answer

Level 15

Hi there,

You’ve come to an Intuit site supporting tax professionals, and you may be looking for support as an individual taxpayer. Please visit the TurboTax Help site for support.

Cheers!

But here's a bone for you... research F 593 for CA. Actually, the Title Co should have given you the instructions/options.

HumanKind... Be Both

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