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Updated over 8 years ago on . Most recent reply
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Am I impacted with FIRPTA
Hello BP members,
I am trying to buy a property from a seller who is not local and is based in China. They (through their agent) have sent me a "Sellers Affadavit of Non Foreign Status" form that says they are exempt from FIRPTA for federal reasons. The reason is that the checkbox checked says they are not a non resident alien for US tax purposes. However they also declare that they are not exempt from California taxes.
FIRPTA requires the buyer to withhold. Do I need to withhold? Is there any additional paperwork I need to close this?
Thanks
Chintan