Foreigners Buying in the USA
Market News & Data
General Info
Real Estate Strategies
Short-Term & Vacation Rental Discussions
presented by
Landlording & Rental Properties
Real Estate Professionals
Financial, Tax, & Legal
Tax, SDIRAs & Cost Segregation
presented by
1031 Exchanges
presented by
Real Estate Classifieds
Reviews & Feedback
Updated about 4 years ago,
taxation on passive rental income?
Hi all, I am a Canadian living in US on a TN visa. I own the home I live in and am thinking about buying another 1-2 homes for passive income, utilizing a management agency. I am trying to research the tax implications of doing so.
Specifically I am interested in how to avoid the 30% rate on gross rental income, as well as learn about taxation upon eventual sale of a property, and what I would have to know.
Any info you can share would be appreciated! Thank you!