Does holding U.S. real estate through an LLC protect me from FIRPTA? My attorney said it would.
I'm a Brazilian citizen looking to buy rental properties in Miami. My attorney in Brazil recommended I set up a Wyoming LLC to hold the properties, saying it would "protect" me from FIRPTA. But I've been reading online and it seems like the LLC doesn't actually help with FIRPTA?
Can someone clarify? Does an LLC change anything about FIRPTA withholding? I haven't bought anything yet so I still have time to structure this correctly. I want liability protection AND tax efficiency.
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