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Updated over 7 years ago on . Most recent reply
How to claim FIRPTA withholding?
hey guys,
my client sold a property in South bend (IN) in June 2017.
she never filed income tax before in the USA. her ex-husband owned the house until a year ago.
during the sale process - buyer is withholding 15% of the sale price of 52,000$
the house was originally bought in 2014 for 101,000$. during years as rental - only lost money due to neglected management.
what should my client do?
how can she claim her money back? she obviously only lost money with this property.
thank you
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Wayne Brooks
#1 Foreclosures Contributor
#1 Foreclosures Contributor
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- West Palm Beach, FL
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Wayne Brooks#1 Foreclosures Contributor
#1 Foreclosures Contributor
- Real Estate Professional
- West Palm Beach, FL
A CPA familiar with FIRPTA