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Updated 11 months ago on . Most recent reply

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24
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Israel Mendiola
12
Votes |
24
Posts

US Taxes for foreign investors

Israel Mendiola
Posted

Hi Community,
I was wondering if some of you are foreign investors here. I recently bought a property in the Smokys and I am totally newbie in this industry. As I am neither a US citizen nor a resident, I would like to know which taxes I need to pay and which rules I need to follow.
So, if you are a CPA with international/cross-border knowledge please let me know, I would love to connect. As April 15 is approaching, I understand that no CPA would be available to talk right now. Therefore, I will submit an extension in the meanwhile.
Thanks in advance!

Most Popular Reply

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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
3,690
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8,152
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Basit Siddiqi
#3 Tax, SDIRAs & Cost Segregation Contributor
  • Accountant
  • New York, NY
Replied

There are documents that normally third parties will ask you about your 'status'

If you work with a property management company, theoretically, they are suppose to withhold money on your behalf which trigues you having to file a return.

You may be required to file a 1040NR which is different than the 1040 form that Citizens / Residents file.

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Basit Siddiqi CPA
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