Buying & Selling Real Estate
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated over 8 years ago,
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