Entity Structure for Canadian Investing in US Real Estate
Hello!
I am wondering if anyone has some insight. As a Canadian investing in the US... which is the best type of entity to go with? It would be for myself and my husband purchasing either SFH or multifamily (2-4 units).
I understand LLC and LLP are not recognized in Canada for tax purposes which would lead to double taxation. Is it best to go with LP/GP? For example registering a LLC first and then using that LLC as the GP in an LP that is registered to my husband and myself?
This is all so confusing to me!
Thanks! Appreciate any insight!