SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : The Residential Real Estate Crash Index -- Ignore unavailable to you. Want to Upgrade?

To: Jim McMannis who wrote (13208)8/25/2003 6:17:38 PM
From: TradeliteRespond to of 306849
 
Yes, there are some witholding requirements for this IRS in those cases. (However, most of the foreign nationals I have encountered are accompanied by corporate attorneys who take care of their end of the deal and the settlement attorney or title officer on the other end takes care of the U.S. end of the deal. That's why I get disgusted with Elroy's ranting.)



To: Jim McMannis who wrote (13208)8/25/2003 6:18:00 PM
From: Elroy JetsonRespond to of 306849
 
The IRS FIRPTA law requires a 10% withholding on the sale of U.S. real estate by foreign nationals. Homes under $300k are the principal exclusion.

irs.gov

Many states, such as California, impose additional withholding requirements.


HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News