Selling my partnership-LLC interest at a loss — can I stop the buyer from withholding 10%?
I'm exiting a US partnership-taxed LLC and will actually realize a small loss on the sale. The buyer's attorney still wants to withhold 10% of the price 'to be safe' under section 1446(f). Tying up that cash for a year while I wait for a refund would hurt. Are there official certificates or exceptions that remove or shrink this withholding before closing?
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