Are there any exceptions where FIRPTA withholding doesn't apply? I keep hearing about loopholes.
I'm a German national selling a small investment condo in Texas through my LLC. Sale price is about $250K. I've been told I'll lose 15% to FIRPTA withholding at closing, but a friend said there are exceptions. He mentioned something about a $300K threshold and publicly traded companies.
Are there legitimate ways to avoid or reduce the withholding? I don't want to do anything shady, just want to know if there are legal exceptions I might qualify for. The property was never my residence — strictly investment.
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