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 Online, from the Federal Section of Form 1040-NR select:
- Payments and Estimates
- Withholding on Dispositions by Foreign Persons on U.S. Real Property Interests - Enter all the information requested.
Reporting in Form 1040
To report withholding reported on Form 8288-A in the resident individual income tax return in Tax Processors Plus Online, from the Federal Section of Form 1040 select:
- Payments & Estimates
- Other Federal Withholdings
- Federal Tax Withholding (not from Form 1099) - Enter "Form 8288A" in the description, the withholding agent's EIN, and the amount.
Additional Information:
IRS: Publication 515, Withholding of Tax on Nonresident Aliens and Foreign Entities