When you sell U.S. real estate as a foreigner, there’s a little thing called the Foreign Investment in Real Property Tax Act (FIRPTA) that can take a chunk out of your sale proceeds. The IRS makes sure 15% of the sale price is withheld as a tax. But here’s the good news: If you overpaid, you can get that money back through a FIRPTA withholding refund.
FIRPTA Withholding and How...
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