FIRPTA

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

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maricami
Posts: 45
Joined: Thu Feb 24, 2005 12:52 pm

FIRPTA

Post by maricami »

Friends of mine is moving back to Canada this year and they are selling their house in the US. They have been residents of California for several years. Their real estate agent wants to withhold 10% of thier gain according to the FIRPTA rule. That the first time I hear about this rule and it looks to me that it has to do with non-resident only. I'm very curious to hear more about this because I'm actualy in the exact same situation ! Do we need to give 10% or not ???
maricami
Posts: 45
Joined: Thu Feb 24, 2005 12:52 pm

Post by maricami »

oups ! I don't know how I posted the same thing again. Sorry !
Not sure how to delete it...
maricami
Posts: 45
Joined: Thu Feb 24, 2005 12:52 pm

Post by maricami »

oups ! I don't know how I posted the same thing again. Sorry !
Not sure how to delete it...
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