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Updated over 8 years ago,

User Stats

6
Posts
1
Votes
Chintan Ce
  • Fremont, CA
1
Votes |
6
Posts

Am I impacted with FIRPTA

Chintan Ce
  • Fremont, CA
Posted

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

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