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My wife and I sold property in the US in January 2018 (I am…

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My wife and I...

My wife and I sold property in the US in January 2018 (I am an american citizen my wife is Canadian). The sale price was more than $300k. The closing agent withheld 10% of the sale and filed a form 8288. Can I get a refund of the withheld amount now instead of waiting to file my return? Thank you

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Submitted: 6 months ago.Category: Finance
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Answered in 16 minutes by:
3/7/2018
Financial Professional: bkb1956, Finance Enthusiast replied 6 months ago
bkb1956
bkb1956, Finance Enthusiast
Category: Finance
Satisfied Customers: 7,004
Experience: IRS Enrolled Agent, 20+ years of experience in tax preparation with associated finance experience.
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Welcome to Just Answer. My name is ***** ***** I will be happy to assist you.

A Withholding certificate should have been filed on the day of the transaction or a day before the final transaction is made.

See the following for additional information:

http://freedomtaxaccounting.com/how-to-get-firpta-withholding-back/

https://www.irs.gov/pub/irs-pdf/p515.pdf

https://www.irs.gov/pub/irs-pdf/f8288b.pdf

Please let me know if I can assist you further.

Thank you and best regards,

Barb

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