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 …

Please Click..Vertical Stack with Quality Seal

https://ocluxuryproperty.files.wordpress.com/2017/09/a-guide-to-foreign-seller-tax-withholding-2017-1.pdf

av & logo1

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
Advertisements
Categories:

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s