You will need to file for an individual taxpayer identification number (ITIN) as well but this usually happens when you file your first tax return in the US.Have you looked at getting finance for a purchase here?

Low cost housing will be forced and paid for by taxpayers.

I'm not familiar with the mechanics off the tax payment plan, for the under paid taxes.

This then creates a cycle where Government Programs like Housing Projects have vast amounts of people who remain there for generations (or more), never being forced to do better for themselves or not given the proper access to the things they need to help themselves out of Tax Payer funded assistance, making room for the younger families that need the apt that is subsidized.I'm sure most (if not all) the Middle Class Tax payers would say that they did not sign up for people to be on Government support forever AND that new families have to wait decades.Knowing that this mindset has increased, it will eventually get to a point where subsidized people will have no where to go but are protected in a way that you cannot then build more housing (mainly because they cannot be forced to move to a different location so that new higher density housing can be built), therefore the only solution........UNIVERSAL RENT CONTROL.In other words.... my free market rentals will lose it's value completely and I will be forced to become a low paid Property Manager, managing tenants who are protected and subsidized forever.Either that... or go bankrupt.It's actually a very real and devious deception because if you ask a tenant would they like to lock in their rents now and forever, without much thought to any future new families that may need it, the vast majority would say yes.I don't even know how to get out of this trap.

It ends like this:1> Airlines, bars, restaurants, Casinos, Cruises, the entertainment industry , malls, and misc companies will get bailed out using taxpayer money. 2>These bailed out companies will take the money and pay compensation to their top-level executives, continue to do stock buybacks3> The stock market will rally.4>The average joe taxpayer will get NOTHING and will be our of the job and screwed- AGAIN.5>After many are dead and there is full-fledged fright leading to a mandatory lockdown, the cases might drop6>Persident/GOP will say he is solely responsible for fixing this and will take full credit and will take no blame for this.7>DEMS will resort to the usual tactics with their tails between their legs.8> CNN/MSNBC/FOX will continue to do their crap reporting while profiting from the stock market rally and bailouts9>Toilet paper/Hand sanitizer hoarders will try to return their excess toilet paper to Walmart10> Going forward BP members will ask every 5 days the following question in the forum - Is there a recession coming?

When factoring in the cost of non-pension benefits for state workers, such as health care for retired government employees, the debt facing California taxpayers rises further.

If I am interpreting what you are asking correctly, 2 different owners (and I assume taxpayers) are selling their respective properties and the combined funds will be used to purchase another property.  

For one, any interest income a taxpayer receives is indeed taxed as ordinary income. 

If it was a property you occupied for at least two of the five years immediately before the sale closed you can shelter $250K of gains as a single taxpayer, $500K married filing jointly. 

So this really looks to be just another "for show" law that lawmaker created using (and wasting) tax payer's money...