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Updated over 6 years ago on . Most recent reply

User Stats

9
Posts
3
Votes
Reno Law
  • Seattle, WA
3
Votes |
9
Posts

US/CAN Dual citizenship investors?

Reno Law
  • Seattle, WA
Posted
Anyone with a dual citizenship (US/CANADA) resides in US as an investor? How do you leverage your capital gain and what would be the best way to handle your returns?

Most Popular Reply

User Stats

9
Posts
3
Votes
Reno Law
  • Seattle, WA
3
Votes |
9
Posts
Reno Law
  • Seattle, WA
Replied
@Omar Khan Thanks for your input. What I mean by leveraging the capital gain tax is if I set up an LLC and have my properties under the LLC, would I be able to save some tax while it’d be a business profit gain? I have briefly talked to an accountant and he told me that I’d need to pay the full portion of the capital gain tax In the US (as an individual property owner) and a less portion in Canada. What would be the best way and a legal way to minimize the tax paid?

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