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FIRPTA in New York: Frequently Asked Questions - Natalia A. Sishodia
From Sishodia PLLC - FIRPTA in New York: Frequently Asked Questions breaks down how the Foreign Investment in Real Property Tax Act can affect New York City real estate transactions involving foreign sellers, buyers, and U.S. real property interests. This episode explains why FIRPTA matters in Manhattan, Brooklyn, and across the U.S., especially when a foreign person, foreign corporation, partnership, trust, estate, or U.S. Real Property Holding Corporation is involved in selling a condo, commercial building, or other property.
The discussion covers who counts as a “foreign person” under IRS…
The skinny
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