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[ Follow Ups ] [ Post Followup ] [ The Forum Board ] [ FAQ ] CA's outrageous withholding tax... Posted by Ward-CA- on October 04, 2003 at 5:08 PM In Reply to: Property sales tax posted by Danny on October 04, 2003 at 2:13 PM : : Hi, : Quick question...how would one (IRS) calculate the property sales tax for one who's selling their home. Do they get taxed on the total sale price of their home or just their net (equity) profit? And what would be the tax rate (1.2 - 3.3%)? : Thanks, : Dannyb =?=?=?=?=?=?=?=?=?=?= Danny, I think you're referring to the 3.3% tax on the gross sales price of investment real property that's levied by CA's Franchise Tax Board against individual investors. Click on the link below to read a comprehesive article on the issue. CA's 3.3% withholding tax Follow Ups: Post a Followup: Name : E-Mail : Subject : Comments: : : : : Hi, : : Quick question...how would one (IRS) calculate the property sales tax for one who's selling their home. Do they get taxed on the total sale price of their home or just their net (equity) profit? And what would be the tax rate (1.2 - 3.3%)? : : Thanks, : : Dannyb : =?=?=?=?=?=?=?=?=?=?= : Danny, : I think you're referring to the 3.3% tax on the gross sales price of investment real property that's levied by CA's Franchise Tax Board against individual investors. : Click on the link below to read a comprehesive article on the issue. Optional Link URL: Link Title: Optional Image URL: [ 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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