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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] Problem with 3.3% California With-holding - Partnership Posted by Mark H. on April 03, 2009 at 12:51 AM I got the tapes and noted that one can form a general partnership so as to avoid 3.3% withholding for California taxes. I was going to change from a LHTrust to a three person partnership when my agent told me that unless I reside in the property for five years, WE MUST withhold for all partners. Does this mean that unless one of us was a resident, our general partnership will not give us immunity from the withholding? True? I hope not. Mark H. Follow Ups: Re: Problem with 3.3% California With-holding - Partnership Kristine-CA 5:05 PM, 04/03/09 (1) Re: Problem with 3.3% California With-holding - Partnership Mark H. 5:20 PM, 04/03/09 (0) Post a Followup: Name : E-Mail : Subject : Comments: : I got the tapes and noted that one can form a general partnership so as to avoid 3.3% withholding for California taxes. : I was going to change from a LHTrust to a three person partnership when my agent told me that unless I reside in the property for five years, WE MUST withhold for all partners. : Does this mean that unless one of us was a resident, our general partnership will not give us immunity from the withholding? : True? I hope not. : Mark H. [ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

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