Many ways to skin this cat and avoid double taxation.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

This means you can not get a mortgage..to be able to get a mortgage in US, instead of waiting for one year, you can file the W7 case h: mortgage for property investment, attach a enclose a letter from a mortgage provider that says you need an ITIN to get a mortgage.The elephant in the room: how your domestic jurisdiction treats US incomeSome tax jurisdiction (Hong Kong for example) apply territorial taxation, which means that only domestically sourced income is considered for tax.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

Here how the tax benefits work out in summary (taken from above website)Reinvested capital gains are deferred from taxation until exit from a Qualified Opportunity Fund or December 31, 2026, whichever comes first.The original capital gains reinvested in Qualified Opportunity Fund investments held for the long term receive a reduction in capital gains tax liability, discounted by 10% at the 5-year mark and by an additional 5% at the 7-year mark.Any new gains from Qualified Opportunity Fund investments held for at least 10 years are permanently excluded from the capital gains tax.

I'm try to understand the tax treatment of a loss on a flip residence, but haven't mastered how to search BP for this particular issue yet. I'm a newbie at posting a question, so apologies if it is not in the correc...

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

I would prioritize finding an accountant who specializes in real estate taxation over one that is local.There are 20+ accountants on this message board who specialize in real estate taxation.

@Stirling Mintz I've learned a ton about RE taxation and how it flows into your personal balance sheet, that's what I meant with accounting.