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California 540 Jesse sold property as an installment sale. Lisa, the buyer, chose to withhold tax based on Jesses gain on the sale of her
California 540
Jesse sold property as an installment sale. Lisa, the buyer, chose to withhold tax based on Jesses gain on the sale of her California property. How much tax should Lisa withhold on Form 593?
a) 3 % of the total sales price b) 12.3 % of the gain on sale c) 3 % of the gain on sale d) 12.3 % of the total sales price
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