Gains on the sale of U.S.real property held directly or indirectly through U.S.stock ownership by NRAs and foreign corporations are subject to taxation under FIRPTA.

Question

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FIRPTA (Foreign Investment in Real Property Tax Act) imposes a tax on gains from selling U.S. real property interests by foreign persons and foreign corporations. It applies to both direct and indirect ownership of such property, including ownership through stocks in U.S. corporations.

Gains on the Sale of U