Form
8288-B
Application for Withholding Certificate for Dispositions by Foreign Persons of U.S. Real Property Interests
► Department of the Treasury — Internal Revenue Service
OMB No. 1545-1060
Tax Year Ending
File 90+ days before closing
Transferor Type (check one)
Part I — Transferor (Seller) Information
First Name
Last Name
Suffix
ITIN / SSN
Spouse / Joint Owner (if also on deed)
Spouse First Name
Spouse Last Name
Spouse ITIN / SSN
Entity Name
EIN
Mailing Address (where IRS will send the withholding certificate)
Street Address
City
State
Country
Part II — Transferee (Buyer) Information
Buyer Name
Buyer Street Address
City
State
ZIP
Country
Part III — Property Information
Description (Resort, points, contract #)
Property Address
Expected Date of Closing
⚠ File this form at least 90 days before the expected closing date
IRS processing takes approximately 90 days. If the certificate does not arrive before closing, the standard 15% withholding applies at closing.
Part IV — Calculation of Requested Withholding Amount
1
Amount realized (agreed sale price) . . . . . . . . . . . . . . . . .
$
2
Cost or other basis of the property . . . . . . . . . . . . . . . . . .
$
3
Improvements . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
$
4
Selling expenses (commission, closing costs) . . . . . . . . .
$
5
Other adjustments — additions . . . . . . . . . . . . . . . . . . . . .
$
6
Total additions (lines 3 + 4 + 5) ●auto
$
7
Adjusted basis (line 2 + line 6) ●auto
$
8
Other adjustments — subtractions (depreciation, etc.) .
$
9
Total subtractions (line 8) ●auto
$
10
Gain or loss (line 1 − line 7 − line 9) ●auto
$
11
Estimated tax at 15% long-term capital gains rate ●auto
$
12
Requested withholding certificate amount (= line 11) ●auto — replaces standard 15% of sale price
$
Standard 15% withholding on $ sale = $ | Your requested withholding = $ → You save $ at closing if certificate arrives in time.
Signature — Under Penalty of Perjury
Under penalties of perjury, I declare that I have examined this application and, to the best of my knowledge and belief, it is true, correct, and complete.
Signature of Transferor or Authorized Representative
Date
Mail Completed Form To:
Internal Revenue Service
P.O. Box 9003
Ogden, UT 84409
Include With Your Form:
- Original closing statement or purchase contract (proving your cost basis)
- A copy of the proposed sales contract (showing the sale price)
- Any other documents supporting your gain/loss calculation
Step-by-Step Guide
Example
Why File Form 8288-B?
- Reduces withholding from 15% of sale price to your actual estimated tax
- More money at closing (no waiting 6 to 12 months for a refund)
- Free to file (no IRS fee)
- No downside. If cert doesn't arrive before closing, standard 15% applies
How To Use This Page
- 1Replace yellow sample fields with your real information
- 2Blue fields calculate automatically as you type
- 3Click Print to print and mail to the IRS
- 4Mail to IRS, P.O. Box 9003, Ogden UT 84409
File early! The IRS takes ~90 days. Submit as soon as your sale offer is accepted.
Prefer Professional Help?
HBI Tax specializes in FIRPTA filings for DVC sellers worldwide.
Whitney Grant — FIRPTA Team Lead