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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
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.

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