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Robin D.
Robin D., Senior Tax Advisor 4
Category: Tax
Satisfied Customers: 15733
Experience:  15years with H & R Block. Divisional leader, Instructor
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On the 593 E form do I need to fill in both #17 Optional

Customer Question

on the 593 E form do I need to fill in both #17 Optional gain as well as #18 which is total sales price withholding? And does this not have to be reported to the feds as well or just state?
JA: The Accountant will know how to help. Please tell me more, so we can help you best.
Customer: I'm selling a rental property in the amount of $600,000 but was given the 593-e form to fill out do I have to fill out both #17 and #18 or just #18?
JA: Is there anything else important you think the Accountant should know?
Customer: Does depreciation add to the cost basis or take away from?
Submitted: 5 months ago.
Category: Tax
Expert:  Robin D. replied 5 months ago.

Hello, I'm Robin. Welcome to JustAnswer. I'm reviewing your question now and typing up my reply. I'll post that in just a few moments.

Expert:  Robin D. replied 5 months ago.

You do not use both 17 and 18 on the form. Use line 18.