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Foreigners Buying in the USA
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Updated over 8 years ago,

User Stats

46
Posts
4
Votes
Farhad Shir
  • New to Real Estate
  • Vancouver BC
4
Votes |
46
Posts

Foreign Tax withholding for Canadian investing in US real estate

Farhad Shir
  • New to Real Estate
  • Vancouver BC
Posted

Hi I am Canadian investor in US real estate . Does anyone have experience with foreign tax withholding when foreigner flip and sell investing property in United States? I heard title company or escrow companies depending on the states your property is located will hold 10-15% of gross sale price. In my calculation US tax associated with my net income after flip will be far less than 10-15% of gross sale. I am not sure if I can file tax return right away when property is sold to pay exact tax amount and have access to my capital for business. I heard I can apply for something but quite not sure how it works.

Also I would like to see if this is only withholding when foreigner sell investing property or there are other things a foreigner should be aware of when flipping property?

 Any thoughts will be helpful

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