Out of State Withholdings
Hello everyone,
I wanted to see if anyone can explain the FTB withholding requirements for out of state property owners. I was asked about it yesterday and I could not find the clearest information on the topic. I gathered the withholding is applied to the gross income of the property. Does the owner hold this after he receives the money from the property management company for the rental income, or does the property management hold this percentage for the owner?
Thank you for the help!!!
