Escrow & Title
In Washington, the FIRPTA (Foreign Investment in Real Property Tax Act) withholding requirement applies when:
AAny non-resident sells property in Washington
BA foreign person sells U.S. real property, and the buyer must withhold 15% of the gross sales price and remit to the IRS unless an exception applies✓ Correct
COnly when commercial property is sold
DOnly for sales above $1 million
Explanation
FIRPTA requires buyers of U.S.
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