First time buyer in usa

This is our main tax information forum which deals with topics concerning Canadians living and working in the U.S., U.S. citizens contemplating working in Canada, and all aspects of Canadian and U.S. income tax and related adminstrative issues.

Moderator: Mark T Serbinski CA CPA

Post Reply
Mach7
Posts: 166
Joined: Sun Dec 11, 2011 3:19 pm

Post by Mach7 »

Personally, if you are a Canadian looking at investing in property in the US in the anticipation of either residing for part of the year or renting it out...my advice is to familurize yourself with the legalities of NOT becoming a US person for the purpose of taxation.

This can either occur through the 'presence test' or once start renting said property out.

IMHO....stay away from US real estate.
nelsona
Posts: 18685
Joined: Wed Oct 27, 2004 2:33 pm
Location: Nowhere, man

Post by nelsona »

Mac, this was a spammer. Ignore.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
Post Reply