The disposition of a U.S. real property interest by a foreign person is subject to the Foreign Investment in Real Property Tax Act of 1980 (FIRPTA) income tax withholding. FIRPTA authorized the United States to tax foreign persons on dispositions of U.S. real property interests. Foreign persons include: nonresident alien individuals, foreign corporations, foreign partnerships, foreign trusts, foreign estates, or any other persons that are not U.S. persons.
A buyer or transferee, also known as a withholding agent, must file Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests, with Form 8288, U.S. Withholding Tax Return for Dispositions by Foreign Persons of U.S. Real Property Interests, for each foreign person that disposes of real property located in the U. S., to report withholding tax on the amount realized.
One statistical table is provided for each year listed below and contains information reported on Form 8288-A, including number of returns filed, sales price (amount realized), and Federal income tax withheld, by foreign country of residence.
The following tables are available as Microsoft Excel files. A free Excel viewer is available for download, if needed.
Data Presented: Number of Forms 8288-A filed, Sales Price, Federal Income Tax Withheld
Classified by: Foreign Country of Residence