FIRPTA withholding on sale of U.S. real estate

The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) allowed the United States to require income tax withholding when a non-US person sells U.S. real estate. Property sold on or after February 17, 2016 is required to withhold 15%. Real estate sold before this date was subject to a required withholding rate of …

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