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See more form 8288 versions

We've got more versions of the form 8288 form. Select the right form 8288 version from the list and start editing it straight away!
Versions Form popularity Fillable & printable
2016 4.1 Satisfied (69 Votes)
2013 4.3 Satisfied (67 Votes)
1998 4.3 Satisfied (62 Votes)
2018 4.8 Satisfied (264 Votes)
2017 4.4 Satisfied (214 Votes)
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267-941-1000 for international callers or overseas taxpayers. (Overseas taxpayers may also fax a tax question to 681-247-3101 or use our international contact address page.) 800-829-1040 if you are in Guam, the Bahamas, U.S. Virgin Islands, or Puerto Rico.
Capital gains tax rates Net capital gains are taxed at different rates depending on overall taxable income, although some or all net capital gain may be taxed at 0%. For taxable years beginning in 2023, the tax rate on most net capital gain is no higher than 15% for most individuals.
The application for a withholding certificate should be prepared and submitted prior to the closing of the sale. This will authorize the escrow agent to hold the withholding amount in escrow until the application is processed by the IRS. This process will take a minimum of 90 days.
Capital gains or losses for the sale of U.S. stocks may be subject to a 30% mandatory withholding rate or no withholding. This does not mean that this is the actual treaty rate. The sales and withholdings may be reported on Form 1099-B or Form 1042-S.
Buyers and transferees use this form with Form 8288 for each foreign person that disposes of real property located in the U. S. to report withholding on the amount realized.
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People also ask

When you sell the property, a U.S. attorney will be required to withhold and remit 15% of the proceeds as withholding tax to the Internal Revenue Service (IRS). You may qualify for a withholding tax rate of 0%, if the sale price is under $300,000, or at a rate of 10%, if the price is between $300,000 and $1 million.
Withholding amount: The standard Withholding Amount is 3.33% of the Sale Price.
It depends on how long you owned and lived in the home before the sale and how much profit you made. If you owned and lived in the place for two of the five years before the sale, then up to $250,000 of profit is tax-free. If you are married and file a joint return, the tax-free amount doubles to $500,000.

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