Buyer’s Affidavit for FIRPTA Withholding Exemption What Buyers Should Know
If you're buying a home in the U.S. from a foreign seller, there's a tax rule you need to be aware of—FIRPTA. It stands for the Foreign Investment in Real Property Tax Act. This law requires buyers to hold back 15% of the sale price and send it to the IRS when the seller is not a U.S. person.
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