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Can buying real estate overseas be taxable?

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  • Can buying real estate overseas be taxable?


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Answer #1 | 01/09 2006 12:29
yes..unless put in that country or Swiss account
Positive: 67 %
Answer #2 | 02/09 2006 21:54
Yes, if you are a US Citizen and that property produces income, it is taxable here in the US. Also, check the country the property is located in, the income may also be taxable there.
Positive: 61 %

Possible answer

Real estate taxes are reasonable. ... The first $3,000 of net taxable income is exempt from taxes. ... Buying real estate: Building a home: Taxes :
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Positive: 67 %
Buying property and real estate in the UK. ... arranging finance for property purchases can be ... will be taxable upon the rental income if the ...
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Positive: 62 %
If you’re buying real estate in a ... Keep in mind that foreign source income is still taxable in the United ... owning real estate overseas can ...
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Positive: 48 %
... it might be considered a cash transaction because the loan is closed overseas ... real property interest can ... can pay cash for your real estate ...
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Positive: 25 %

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