Hello again, and welcome to the Friday Edition. More international tax goodies this Friday and every other Friday.
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This week’s episode is for nonresident investors in U.S. real estate. Specifically, I am going to talk about an expedient method I have used before (and will use again) to get around a banking problem.... continue reading
If you sign up for one of my email newsletters, you will get a bot-response from me, thanking you for signing up. But if you ask a question, the response is remarkably lifelike, because I actually write the answer. 🙂
Today reader S.J. signed up and here is what he wanted to know. I have edited his comments slightly for formatting and clarity, but mostly to hide identifying information.
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1 – What’s the single most important question you have about international tax?
I abandoned my LPR green card in ______, 2015 (delivered my Green Card with Form I-407 to the US embassy) and was given a visitor visa.
Nongrantor trusts offer excellent tax performance for nonresident investors in U.S. real estate:
But everything has its price. These excellent tax results come at the expense of:
This episode of the Friday Edition gives you an overview of the benefits and risks. If you want more detail, you might consider an upcoming webcast/phone presentation on the topic.... continue reading
A group of nonresident individuals want to pool their money to buy commercial real estate in the United States.
They are going to buy decent-sized properties — commercial and office properties in the $5 million to $50 million range. This is serious money but not crazy huge.
How should they set this up for optimum U.S. tax results?The Factors to Consider
The factors to consider are:
Hello from Debra Rudd.
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This week’s topic comes from a question I received a while ago from an anonymous reader:
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Does an immigrant to the US get to apply the basis step up/transition rule if they did not do a MTM election in their first year of US residence?