Updated about 2 months ago on .
Taxes for foreign investors
Hello,
I've been organizing my stuff to be ready to invest and I had a few questions regarding the tax treatment of any potential rental property I acquire.
I am non-resident alien and created and LLC to own my first property. I understand that by default it will be a disregard entity so all taxes will be paid at the personal level:
- How is rental income taxed in this case? Would it be considered ECI? Should I change my LLC to be treated as a corporation?
- I also do some remote work and I am wondering if that would be affected by the decision I take regarding the LLC. Should I be asking for 1099 forms to the people who is paying me for the remote work?