Since you can't do anything with your deal to make it better and your only choice is whether to sell or not, you are more prone to trigger those taxable events under duress as opposed to the more planned taxation or more likely the deferral thereof with real estate.

@Sudhi Avula Do you have a CPA that specializes in real estate taxation?

I understand LP is preferred over LLC due to avoiding double taxation, but if I plan to stay in the US and keep the money in the US, do I still form a LP?

@Nick BokowyI recommend finding a tax strategist who specializes in real estate taxation.

Regarding your first question: the choice between Schedule E and Schedule C can significantly impact the taxation of your income, particularly in scenarios involving rental properties or self-employment.

Hey @Sun Casper, the choice between Schedule E and Schedule C can significantly impact the taxation of your income, particularly in scenarios involving rental properties or self-employment.

@Neera MelwaniI recommend finding a tax strategist specializing in real estate taxation.

Seeking guidance from reputable professionals specializing in real estate taxation is crucial to ensure compliance and optimize eligibility for REPS.

Property Taxes, Insurance, Management Costs, etc.)With either method of taxation, foreigner investors must have an Individual Taxpayer Identification Number (ITIN).Obtaining A Taxpayer IDAs soon as possible, foreigner investors need to obtain a U.S.

@Ernest FoxI recommend speaking with an accountant that specializes in real estate taxation to discuss your options and advise you through this process and throughout the year.