Tax implications, overseas investment income.

[Andrew O.]

I just wanted to quickly run this by some of the more tax-adept members.

I am looking at investing in a property management partnership in Australia, while living in the US. What structure would be best to conduct this business in (holding a foreign investment as a US resident)? How straight forward is avoiding the double taxation of income?

I am not 100% on what form the monthly income would be paid in (probably some kind of dividend...?) but there would be a monthly income, and a capital gain portion to be considered. I am a citizen of Australia, but a resident of the US, if that has bearing on the issue. Is there a level of income that the rules change?

Thanks for your time!

Andrew