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

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Level 1
last updated ‎December 06, 2019 4:46 PM
 
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Level 8
last updated ‎December 06, 2019 4:46 PM

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

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Level 8
last updated ‎December 06, 2019 4:46 PM

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

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Level 15
last updated ‎December 06, 2019 4:46 PM

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 ! ! ! 

Former Chump... umm.... AllStar.
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Level 15
last updated ‎December 06, 2019 4:46 PM

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

Former Chump... umm.... AllStar.
If a post answers your question, click on *Accept as solution* for future searches
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