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or charitable remainder trust
Your parents would be exempt from the withholding if there is no taxable gain for purposes of California tax.
There is a gain
Well, unfortunately there is no other exemption available to them.
Ok. I will advise them that since there is a gain escrow will hold 3 1/3 of sales price.
I'm sorry that I didn't have better news to report.
Is there anything else that I can assist you with today?
That's ok ...I think if they would of sold after he passed that would of qualified for the two yr rule.
I think so too, but 2006 is a long time.
Thank you for your time.
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You got it.
Thanks so much