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Is FIRPTA in the way of your gross proceeds from a real estate sale?
The US withholds 15% of the gross proceeds of the sale of a foreign-owned property. It’s possible the foreign seller could receive all proceeds back once filed appropriately. Although the US withholds 15% of proceeds, foreign-owned LLCs may be able to benefit from tax treaties between the U.S. and several other countries. Tax treaties often allow the taxpayer to avoid being double taxed by both countries. Learn more about setting up an LLC as a foreigner in the video below.