Form 8288-A - Statement of Withholding
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Generally, when a foreign person disposes of real property located in the United States as seller or transferor, the buyer or other transferee must withhold a percentage of the amount realized. These withholdings are reported to the foreign seller on IRS Form 8288-A, Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests.
Reporting in Form 1040-NR
To enter withholding reported on Form 8288-A in the nonresident individual income tax return in Tax Processors Plus Desktop, from the Main Menu of Form 1040-NR select:
- Payments, Estimates and EIC
- Other 1040-NR Payments
- US Tax Withheld on Form(s) 8288-A
Reporting in Form 1040
To report withholding reported on Form 8288-A in the resident individual income tax return in Tax Processors Plus Desktop, from the Main Menu of Form 1040 select:
- Payments, Estimates & EIC
- Other Federal Withholdings
- Tax Withheld from Other Forms - Enter "Form 8288A" in the description, the withholding agent's TIN, and the amount.
Note: Form 8288-A is a source document that doesn't print with the return.
Additional Information:
IRS: Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities