How do I stop FIRPTA from trapping cash I don't actually owe in tax?
My real gain on this US sale is small because my basis is high, but at 15% of the sale price the buyer would hold back a huge amount and I'd wait ages for a refund. Is there a way to reduce what's withheld up front instead of overpaying and waiting? I've heard about a certificate but I don't understand how it works or what it actually does to the closing.
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