How much do you pay in taxes on your rental income?
Hi everybody,
I would be very interested to know how much foreign investors pay in taxes on their rental income, using an LLC. I understand that this way you can elect to connect the income to the US company you have formed, and are therefore entitled to quite a few deductions, but you would still have to pay a 30% rate on your NET income, after expenses. It is rather daunting!
I would be grateful if you, as a foreign investor, could share your experience and shed some light on this.
Thanks in advance.