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Understanding the FIRPTA exemption for U.S. citizens can be tricky. This video breaks down its application, realtor disclosure requirements, and answers common FIRPTA-related questions. Get clarity on this important topic. #FIRPTA #RealEstate #TaxExemption #USCitizens #RealEstateInvesting | The Consumer Quarterback Show
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Ever heard of FIRPTA? 👀 It’s one of those forms that shows up in a real estate deal, everyone nods like they know what it means… until escrow asks for it and the room goes quiet 😅 Here’s the truth 👇 FIRPTA stands for Foreign Investment in Real Property Tax Act — a federal law that applies when a seller is not a U.S. citizen or resident. The goal? To make sure the IRS 💰collects any taxes owed before the seller takes their sale proceeds overseas. So where does the Seller’s Affidavit come in? T
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