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When a person on h1b visa want to sell house, will the buyer need to pay FIRPTA taxes?
http://vgtitle.com/top-10-questions-firpta/
So if h1b seller is a foreign person at the time of sell(i.e. if he fails substantial presence test at the time of sell) then he needs to pay 15% extra tax? Isn’t this a risk for h1b house buyers? How do h1b holders deal with this?
Wow! Didn't know about that. Thanks for sharing.
http://vgtitle.com/top-10-questions-firpta/
So if h1b seller is a foreign person at the time of sell(i.e. if he fails substantial presence test at the time of sell) then he needs to pay 15% extra tax? Isn’t this a risk for h1b house buyers? How do h1b holders deal with this?