Get Serious FIRPTA Explained: Avoid $50K Tax Surprises on Foreign Seller Deals | Ep. 242
Chris discusses the complexities of dealing with foreign sellers in real estate transactions, particularly focusing on the Foreign Investment in Real Property Tax Act (FIRPTA). He explains the tax implications for foreign sellers, the responsibilities of buyers, and the importance of clear communication during the closing process. The discussion highlights the need for real estate professionals to be well-informed about FIRPTA to avoid last-minute complications and ensure smooth transactions.
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