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Updated almost 8 years ago on . Most recent reply

User Stats

219
Posts
42
Votes
Haseeb Awan
  • Investor
  • Ottawa, Ontario
42
Votes |
219
Posts

Foreign citizen Purchasing property in USA

Haseeb Awan
  • Investor
  • Ottawa, Ontario
Posted

If a foreign citizen purchases property in USA under his/her own name & then rent it out or do a land contract and the tenant/buyer sends him a cheque which he deposits in his own country and pay taxes in his own country, how will he report it to IRS because he doesn't have a SSN or any tax #. 

Most Popular Reply

User Stats

244
Posts
66
Votes
Tzvi Ausubel
  • Rental Property Investor
  • New York City, NY
66
Votes |
244
Posts
Tzvi Ausubel
  • Rental Property Investor
  • New York City, NY
Replied

@Haseeb Awan There are significant US income tax consequences for foreign investors. You should absolutely speak to a CPA / attorney about your specific facts and circumstances.

  • Tzvi Ausubel
  • Loading replies...