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Updated about 4 years ago,

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3
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3
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Naeema R.
3
Votes |
3
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taxation on passive rental income?

Naeema R.
Posted

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!

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