Given how strong the U.S. dollar is right now, many of us are tempted by property ownership outside of the United States. The question about tax treatment of real estate owned overseas often comes up. Whether the property is a vacation home or rental property, the tax benefits are similar to owning a home. Below is an article which explains this question which we receive frequently.
U.S. Tax Treatment On Real Estate Overseas – Investopedia
If you would like assistance with the tax treatment of your real estate properties, call Jerry Morey, CPA at 949-485-2011.
Morey & Associates CPA has a specialty in real estate accounting ranging from owners of multiple properties to property management and even REITs. Our real estate accounting expertise services clients throughout Southern California.