Cal Firpta Withholding 3.33% Franchise Tax Board

[Sanjay Gupta]

We are done with another flip.

http://www.7156emeraldave.com/

Escrow company is withholding Cal Firpta Withholding 3.33% Franchise Tax Board. Based on internet Firpta means ( The disposition of a U.S. real property interest by a foreign person ) . We are US citizen. Escrow company is telling that it is due to Investment property.

I have another partner ( we both share 50% each) and this property was not bought under LLC name.

Any idea about this ?