Net investment income tax= 3.8%I was aware of the Long term capital gains tax, but I was surprised to find out about the Depreciation Recapture and the Net investment income tax. 

The information shared is based on my experience and industry knowledge and should not be considered tax, legal, or financial advice.

Inheriting it is the best option tax wise- because it gives you a step up in basis to the property's value on that date. 

I'm looking for specific feedback of investors who have either renovated or built new in areas that give 10 or 15 year tax abatements and the benefits you saw to the bottom line on at least a 2 year hold but better on a 3-5 year hold.

The income is also sheltered by depreciation - ie LP investments for tax purposes are basically treated the same as individual investments. 

@Devakumar Sai Chinthala There are income limitations for passive losses, you should check with your tax professional.What will the property taxes increase to after you buy the property?

It is no use buying a US property, if you can't open a US bank account or file a tax return.  

Hope this helps.

Would recommend.I will be using the firm for my 2022 tax return (1040 and 3 LLC's), expensive (about $5k-6k) but given they've assisted with the tax planning I'm hopeful the synergy will provide the best outcome.Happy to answer any add'l questions.Pat  Hi Pat,Just want to confirm, that is HallCPA fee for filling 2022 tax for one 1040 and 3 LLCs?

Rental income and expenses must be split between Schedule A (personal) and Schedule E (rental) for tax purposes.