[WSBARP] FIRPTA Question

[Catherine Clark]

All:

I am working on a transaction in which the seller is a unincorporated partnership in another country (as described to me) in which a US Citizen and a non US Citizen have an interest.  These folks, upon sale, would like to avoid a FIRPTA Tax issue.

Any ideas on how they could do that without running afoul of the law?  These folks put this property into this unincorporated partnership pro se.

All thoughts appreciated.

Catherine C. Clark
Law Office of Catherine C. Clark PLLC
2200 Sixth Avenue, Suite 1250
Seattle, WA 98121
Phone: (206) 838-2528
Direct Dial: (206) 274-7941
Cell: (206) 409-8938
Fax: (206) 374-3003
Email: cat at loccc.com

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