All Forum Posts by: Janis Dikis
Janis Dikis has started 3 posts and replied 3 times.
Post: How much Wholesalers pay in taxes?
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Hi! I am a wholesaler who is trying to get his first deal closed. I have a property under contract and I have interested buyers. My question is how much I will have to pay in taxes from my assignment fee? An additional question. Would there be any difference because I am a foreigner who is not in the US? The deal is in Alabama.
Post: Investor friendly title companies in Alabama
- Posts 3
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Hi! Does somebody know investor-friendly title companies in Alabama?
Post: Does FIRPTA apply to wholeselers
- Posts 3
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Hi! I really need your help to understand this issue. "Under the Foreign Investment Real Property Tax Act (FIRPTA), when a US non-resident sells real property, 10% of the gross sale price will be withheld for the IRS automatically" Does this apply to foreign wholesalers? Or selling the contract does not count as selling real property so there is no FIRPTA?