How to Calculate FIRPTA
CALCULATE FIRPTA WITHHOLDING
with this 3 step flow chart below:
Don't be fooled by the purported value of a FIRPTA calculator, it's just easy 3 steps
If you have questions on the other aspects of FIRPTA we are glad to provide a free consult.
1. Is the Seller a Foreign National?
2. Is the Seller Exempt From Withholding?
3. Do the Buyers qualify for the residency exception? Themselves or members of their family occupying as a residence at least 50% of each year for the 1st and 2nd years.
is 15% of Purchase Price
$0-$300k Purchase Price
FIRPTA withholding is $0
$300-$1 mil Purchase Price (PP)
FIRPTA withholding is 10% of PP
Over $1 mil Purchase Price (PP)
FIRPTA withholding is 15% of PP