FTB Withholding by Sunset Property Management?

Price Range: from $200 to $2,500,000
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What is the FTB withholding?

want to learn more about what is the FTB withholding? The purpose behind the use of  Form 588, What is the FTB withholding?Nonresident Withholding Waiver Request, to request a waiver from withholding on payments of California source income to nonresident payees. Learn More

Broker Requirements

The broker is required to withhold 7% of the rental income monthly and submit this withholding on a quarterly basis to the State of California Franchise Tax Board.

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