A Guide to Tax Withholding Requirements for Foreign Citizen / Residents Who Sell US Property (A Guide for Foreign Sellers, Realtors and Escrow)

Foreign Person IRS Withholding   

The IRS requires the escrow co. must withhold 15% of the sales price on the sale of United States real property interests by foreign persons (on sales above $1,000,000), and either 15% or 10% on sales between $300,001 and $1,000,0000, and either 15% or $0 for sales of $300,000 and under. The lower withholding amount at both levels requires the buyer to purchase the property …

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Amir Vahdat Broker Associate with Berkshire Hathaway HomeServices California Properties
30812 S. Coast HWY. Laguna Beach, CA 92651 • 29982 Ivy Glenn Dr, Laguna Niguel, CA 92677
E-mail: amir@ocluxuryproperty.com • Website: www. OCLuxuryProperty.com

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