When purchasing U.S. real estate from a foreign seller, buyers must be aware of the Foreign Investment in Real Property Tax Act (FIRPTA). Under FIRPTA, buyers may be required to withhold a portion of the sales price and remit it to the IRS. However, in some cases, a Buyer’s Affidavit for FIRPTA Withholding Exemption can help eliminate or reduce this withholding requirement. Understanding how this affidavit works and when it applies is essential for a smooth transaction.


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