Ward picks up his Leaf electric car!

InnoVest Resource Management's

Foreclosure Forum


Discussion Board

"Hands-On" Training

Title Holding Trust

Annual Reunion

Speaking Schedule


Foreclosure Fundamentals

Code References

50 State Foreclosure Basics

Foreclosure Glossary

Foreclosure Statistics

75+ Yrs Interest Rates

Fillable Forms

Archived Articles

Dingbat Retirement Plan


Contact / Map

About Us



BBBOnLine Reliability Seal

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

Avoiding the 3.3% advance withholding...

Posted by Ward-CA on June 30, 2011 at 11:32 AM

In Reply to: holding title posted by bob on June 28, 2011 at 7:32 PM


The problem with just using the Title Holding Trust (THT) by itself is that that routine doesn't qualify for an exemption from CA's advance grab of your state income taxes at the close of your resale escrow.

I agree that coupling together two THTs in a partnership is a tad more paperwork, but the year-end, tax filing routine is exactly the same as with a trust.

The reason that other bidders are still using the single THT is that they'd prefer to prepay their state income taxes rather than spend a little effort learning how to become exempt.



: any other ways to take title besides the Calif Gen Part that might be a little easier? I have various investors I team up with, and the paperwork and tax filing with the partnership is a lot of work, seems like at the sales I hear buyers taking title in a trust, any ideas would be welcomed

Follow Ups:

Post a Followup:

Name    : 
E-Mail  : 
Subject : 

[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ]

WWWAdmin 2.0a © 1997 Matt Wright and DBasics Software Company, All Rights Reserved

Information provided by this website is for informational purposes only and is not a substitute for professional advice. Please consult your investment advisor and/or attorney before entering into any transaction. Read our privacy policy.

Copyright © 1997-date("Y"), InnoVest Resource Management

InnoVest Resource Management, 4569-A Mission Gorge Place, San Diego CA 92120-4112
(619) 283-5444, Fax (619) 283-5455