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Level 1
December 6, 2019
Solved

There are two methods that California allows for determining the amount of tax that is to be withheld from the sales of a home.

  • December 6, 2019
  • 3 replies
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Best answer by TaxMonkey

Indeed, sometimes they are referred to as the Total Sales Price Method and the Optional Gain on Sale Election.

3 replies

TaxMonkeyAnswer
Level 7
December 6, 2019

Indeed, sometimes they are referred to as the Total Sales Price Method and the Optional Gain on Sale Election.

abctax55
Level 15
December 6, 2019

Manny....you really, really need to learn to use either your textbooks (do they still exist?) or the research material provided by your class/instructor.

THIS IS NOT THE PLACE FOR HOMEWORK ! ! ! 

HumanKind... Be Both
abctax55
Level 15
December 6, 2019

AND, you get to pick which one is the least offensive.

HumanKind... Be Both