What is FIRPTA and do I pay it?

Many people wonder about FIRPTA and who is responsible for paying for FIRPTA when a foreign individual sells US real property. The Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) requires the purchasers to withhold a portion of the purchase price from the amount given to the seller whenever a foreign individual sells US real property. This withholding allows the US to tax the foreign individual on their sale of their property and encourages the person to file a US tax return, just like when a US citizen or resident sells their property. Even though it is the duty of the purchaser to withhold the funds, the purchaser is not responsible for the tax payment, rather this amount is d

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