1 of 10A foreign person sells property worth $100,000 to an American who pays no cash but assumes the foreigner's loan of $85,000. You are the closing agent. Is the foreigner subject to withholding under FIRPTA?
A) No, he received no cash.
B) Yes.
C) Not if the foreign person signs an affidavit.
D) No, because he is selling to an American.