U.S. Real Property Sold by Foreign Persons: Total Sales Revenue and Tax Withheld, by Selected State, 2012
U.S. Real Property Sold by Foreign Persons: Total Sales Revenue and Tax Withheld, by Selected State, 2012
(Amounts are in the thousands of dollars)
| State location of real property | Total sales revenue | U.S. tax withheld |
| Total | 6,268,442 | 531,026 |
| Florida | 1,505,160 | 138,683 |
| New York | 934,969 | 84,676 |
| California | 669,086 | 57,805 |
| Hawaii | 254,855 | 25,103 |
| Texas | 168,981 | 16,760 |
| All others | 2,735,391 | 207,999 |
NOTE: Form 8288-A: Statement of Withholding on Dispositions by Foreign Persons of U.S. Real Property Interests, is filed by the buyer of U.S. real property sold by foreign persons. The buyer must withhold tax in accordance with Internal Revenue Code section 1445.
Source: IRS, Statistics of Income Division, Individuals, Foreign Recipients of U.S. Income, January 2016.