Selling my NYC condo as a foreign owner — any special FIRPTA rules for condos and co-ops?
I'm a British citizen selling my Manhattan condo that I bought as an investment 5 years ago. The expected sale price is around $850K. I also looked at buying a co-op years ago but ended up with a condo instead. Are there different FIRPTA rules for condos vs co-ops? Also, NYC seems to have its own transfer taxes — do those interact with FIRPTA?
I want to understand the full picture of taxes I'll face at closing.
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