Withholding Tax for a Canadian Investor

Tax, SDIRAs & Cost Segregation
5yFollow

Withholding Tax for a Canadian Investor

Ram B.
Toledo, OH · Member since 2018 · 35 posts · 2 votes

Hi All, Will there be withholding tax for a Canadian Investor who is already filing his taxes in US both Corporate and Personal(Non Resident)?

How is this tax % decided? It is about a Single Family Residence in Ohio.

Thanks,

Ram

0Reply
15 views

2 Replies

Jump to latestLatest
  • Basit SiddiqiBusiness Member
    Accountant · New York, NY · Member since 2015 · 8k+ posts · 3k+ votes
    5y

    @Ram B.

    A) if you use a property management company to manage the property, they may be required to withhold on the gross payments given to you.

    B) If you decide to sell the home, you may be required to withholding based on on FIRPTA(foreign investment in real property tax act)

    [email protected]917-280-8544
    Basit Siddiqi CPA4.979 Reviews
    View Page
    1Reply
  • Ram B.
    OP
    Toledo, OH · Member since 2018 · 35 posts · 2 votes
    5y

    Thanks Basit!

    I dont have any property management company.

    As per B option-It means I need hold some money in my business account? or Title company will hold? Sorry! Did not understand. I will file my returns at the end of the year as per schedule.

    0Reply
Join the conversationCreate a free account to reply, vote on answers and follow this thread.
Log InJoin for Free