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November 30, 2016   |   By: Max Dilendorf, Esq. and Rika Khurdayan, Esq.

How Foreign Investors Can Reduce or Eliminate FIRPTA Withholding Upon Sale of U.S. Real Estate

For foreign investors, FIRPTA can make a relatively simple transaction a much more complicated affair and tie up funds that could otherwise be quickly reinvested. What many New York real estate professionals and investors don’t know is that FIRPTA can, in many cases, be minimized or avoided altogether.