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  • 1.  FRPTA withholding issues

    Silver Most Valuable Member
    Posted 12-20-2013 02:35 PM
    I have two FRPTA withholding issues

    1) Does a Delaware LP have to withhold FRPTA on foreign investors if the Delaware LP only invests in non-performing mortgage debt secured by properties located in Spain?

    2) Is withholding required under FRPTA when a US member buys the interest from a foreign member of an LLC when the underlying investment in the LLC is a non-performing mortgage debt on US real property? I know that you have to withhold when the underlying investment is US real property interest but I thought I saw an exemption for investments in financial instruments including mortgages


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    Orest Baransky BA
    Orest P Baransky CPA PC
    Commack NY
    631-499-6167
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  • 2.  RE:FRPTA withholding issues

    Platinum Most Valuable Member
    Posted 12-20-2013 06:05 PM
    Orest: FRPTA only applies to non-US citizens investing in US real property, so I do not think it applies in either case. ------------------------------------------- Robert Brown ROBERT N. BROWN, CPA Jericho NY -------------------------------------------
    Original Message


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