8288-A & 8288-B Property sales withholding and recovery

Forum|Forum|2 years ago
February 25, 2024
1 reply
8 views

A Canadian client with real estate properties here, filing 1040NR sold one of his properties and a 8288-A was filed, withholding $18,000 of the sale for tax.

They have not filed an 8288-B and the tax owing on his return is less than $600 so they need to file an 8288-B to recover the tax withheld. I note that form is not included in ProSeries, only the 8288-A.

Does he need to file the 8288-B separately once his tax return has been filed or should it be filed with his 1040NR tax return? If with it, I would have to paper file, which I would rather not have to do with the delay of getting his original signature on the tax return.

Does anyone have any experience with this or suggestions?

Thanks!

ProSeries Professional

This topic has been closed for replies.

R

rcherensonAuthor

Level 5

Never mind, I think I have answered my own question, as it seems I could just file the 8288-A with his return and it would generate the refund due. The only issue is the withholding agent was Canadian and doesn't have a U.S. FEIN so ProSeries won't allow an e-file. Which seems to mean I would be back to having to paper file, which is a pain.

Unless anyone has any other suggestions?

Thanks!

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