Seeking accountant help for foreign income tax US real estate

Seeking accountant help for foreign income tax US real estate

New to Real Estate · Vancouver BC · Member since 2016 · 46 posts · 4 votes

Hi, I am Canadian investor in US real estate in Indiana State. My goal is to flip property under individual name. I am seeking advise of accountant familiar with foreign income tax in US real estate and have following questions:

Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost during acquire, rehab, and selling property can be claimed )

How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )

Apply for tax certificate or affidavit to reduce tax liability to actual amount

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  • Real Estate Agent · Jacksonville, FL · Member since 2016 · 406 posts · 163 votes
    9y

    Hi @Farhad Shir if you haven't already found someone your comfortable with I would recommend you reach out to @Daniel Hyman.

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