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fifity50
Level 1

I bought a Condo from a Guy who lives in Canada, now the IRS is asking to pay some sort of taxes on it, not sure why? Cant get in tough with them. (IRS)

I bought this condo last year in June of 2021
5 Replies
xmasbaby0
Level 15

I bought a Condo from a Guy who lives in Canada, now the IRS is asking to pay some sort of taxes on it, not sure why? Cant get in tough with them. (IRS)

You are posting from TurboTax Live.  You can arrange for the Live help you are paying the extra fee for with your questions from 5 a.m. to 9 p.m. Pacific time.

https://ttlc.intuit.com/questions/4124827-how-do-i-connect-with-a-tax-expert-in-turbotax-live

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
tagteam
Level 15

I bought a Condo from a Guy who lives in Canada, now the IRS is asking to pay some sort of taxes on it, not sure why? Cant get in tough with them. (IRS)

This could be a FIRPTA issue.

 

See https://www.irs.gov/individuals/international-taxpayers/firpta-withholding

 

You might want to contact the closing agent (attorney, title company, et al).

Mike9241
Level 15

I bought a Condo from a Guy who lives in Canada, now the IRS is asking to pay some sort of taxes on it, not sure why? Cant get in tough with them. (IRS)

you may need a lawyer to go over the purchase and the IRS notice.  another source for the notice is

The Audit Defense service is provided by TaxResources, Inc., also called TaxAudit.com, in partnership with TurboTax. If you paid for Audit Defense and you received a notice, call TaxResources, Inc. at 877-829-9695, or report your notice on their website at http://intuit.taxaudit.com/. Do not contact the tax agency until you have spoken to TaxResources. They may contact them on your behalf.

fifity50
Level 1

I bought a Condo from a Guy who lives in Canada, now the IRS is asking to pay some sort of taxes on it, not sure why? Cant get in tough with them. (IRS)

yes I have contacted the closing Law firm office for clarification.  Thanks.......

fifity50
Level 1

I bought a Condo from a Guy who lives in Canada, now the IRS is asking to pay some sort of taxes on it, not sure why? Cant get in tough with them. (IRS)

Thanks I did not purchase the audit defense.  But was told this has nothing to do with my Year End Taxes this is a separate matter.  Thanks again

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