John Stanley
avoiding capital gains tax on foreign property
I'm a US citizen living in Germany, where I am buying rental property. The law here is that if the property is sold after >10 years' ownership, there is no tax on the capital gains. However, I would have to declare...
Rod Joseph
Reporting Foreign Investment Property
Do you have to report rental properties owned overseas? (Asking for a friend...)How would Uncle Sam know about this other than it showing up on his/her Schedule E?
Lettie T.
Property management tax reporting - foreign property owner
I just started managing a property owned jointly by a married couple. The husband is a U.S. citizen, the wife is not. They live in Australia full-time (not sure if that matters). How do I go about preparing tax forms?...
Alysa Phalen
Property Management Lease Agreement
Good day,I own a 9 unit apartment complex in Florida and have had the same property manager for 9 years. I inherited the property and I do not recall where I even have the original Lease Agreement between the propert...
Mike Dawson
Beneficial Owner Information Reports. Company applicant???
I formed an LLC last month and I have 90 days to submit my BOIR. My confusion lies around the term "company applicant". When looking for information on who the company applicant is, I ran across this info directly o...
Natalia Zhou
How to report foreign property sales to IRS
I have a foreign investment house and I sold it recently, how do I report the sale to IRS now? I don’t want to wait till Apr 2021 and pay a whole bunch of penalty for not withholding enough tax due to this capital gai...
Natalia Zhou
How to report foreign property sale to IRS?
I recently sold a foreign investment house, wonder how I can report it to IRS now? So that I won’t be getting a big penalty for not withholding enough tax for this capital gain from foreign property sales. Since it’s ...
Martingale Kim
Gift tax from foreign parents
my parents in law want to give us $60,000.i know there's a $16,000 gift tax limit. so to qualify this limit, does my parents-in-law need to wire me and my wife respectively 4 times at $15,000 each time?what will be th...
Mike S.
What are the tax reporting for a foreign lender
I have an offer by a non US taxpayer to lend some money to my company.What are the tax requirements on my side:Does the lender needs to obtain an ITIN?Should I issue a 1099-INT for the interest paid on the loan?Do I h...
Michael Sean
foreign rental income
Is claiming foreign rental income on taxes much different than rental income domestically in the US? I couldn't find much about the topic on biggerpockets. I spoke with a CPA at a firm with a good reputation who was n...