Part II—To Be Completed by an Entity Subject to the Provisions of Section 1445(e)

Line 9. If withholding is from a large trust election to withhold upon distribution, check the box. See Large trust election under Section 1445(e)(1) Transactions , earlier.

Line 10. Enter the amount subject to withholding.

Line 11d. If withholding is at a reduced rate, enter the adjusted withholding amount and check the box. Attach a copy of the withholding certificate. See the discussion of various section 1445(e) transactions under Entities Subject to Section 1445(e) , earlier.

Line 12. Enter the amount you actually withheld.

Example 2. Curly Corp, a domestic corporation, distributes property to Ford, a foreign shareholder whose interest in Curly Corp is a USRPI. The distribution is in redemption of Curly Corp’s stock (section 1445(e)(3) transaction). Curly Corp must withhold 15% of the fair market value of the property distributed to Ford. Curly Corp must complete Form 8288 and Form 8288-A.