EP 18 - Unraveling the Mystery of FIRPTA Withholding and 1031 Exchanges

1031 Exchange transactions are complex and confusing, especially when adding a foreign seller to the equation that falls under the mandatory Federal FIRPTA withholding requirements. Our guest expert Michael W. Brooks, Esq., helps us demystify the mandatory Federal FIRPTA withholding requirements when a 1031 Exchange is involved. Discussion includes a breakdown of who falls under the mandatory Federal FIRPTA withholding requirements, how much FIRPTA withholding is required, how to obtain a Certificate of Exemption to the FIRPTA withholding requirements, and how FIRPTA withholding can complicate a 1031 Exchange transaction.

Email your 1031 Exchange questions to [email protected] and we’ll address them in our next episode.

Host:
William L. Exeter
President and Chief Executive Officer
Exeter 1031 Exchange Services, LLC and Exeter Trust Company
(619) 239-3091
[email protected]

Mark Turok
Business Development Office
Exeter 1031 Exchange Services, LLC
(619) 764-6332
[email protected]

Special Guest:
Michael Brooks, Esq
DIRECTs
(760) 989-3413
[email protected]

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