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Foreigners Buying in the USA

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Farhad Shir
  • New to Real Estate
  • Vancouver BC
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46
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Seeking accountant help for foreign income tax US real estate

Farhad Shir
  • New to Real Estate
  • Vancouver BC
Posted May 13 2016, 07:52

Hi, I am Canadian investor in US real estate in Indiana State. My goal is to flip property under individual name. I am seeking advise of accountant familiar with foreign income tax in US real estate and have following questions:

Which expenses I can claim for income tax during flipping(for instance whether international travel cost and accommodation cost during acquire, rehab, and selling property can be claimed )

How to reduce income tax during closing ( instead of paying 15% of gross sale price I would like to pay actual tax liability which is by far less )

Apply for tax certificate or affidavit to reduce tax liability to actual amount

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