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Updated over 7 years ago,
understanding form 8288 when buying from a foreign entity
We just bought a US condo from a canadian person. (we are a multi member LLC). I believe we were told during closing that we would not have to worry about withholding taxes on his behalf.
now im getting an IRS request to complete 8288. is this just a routine procedure where I just complete it with '0'?
when reading the irs instructions. it seems to request us to complete 8288-A also . Is this form asking for information about the foreign sellers?