Foreign Sellers of California Real Estate: FIRPTA and Form 593 Withholding Rules

Foreign sellers of California real estate can face both federal FIRPTA withholding and California Form 593 withholding at closing. Learn how the 15 percent FIRPTA rule works, when withholding can be reduced, how Form 8288 B is used, and how California gain based withholding, 1031 exchanges, and installment sales affect the transaction.