Greenback Expat Tax Services
One of the most confusing (and important!) parts of selling property is the tax impact from your gains or losses. We, of course, hope you realize a gain, but let’s look at capital gains more closely, so you can fully understand how to calculate your gains/losses, how to report them on your expat tax return, and […]
Purchasing real estate can pay off in a big way – depending on what you plan to do with the property, of course. But as an expat living overseas, you’ll want to be sure you ask these important questions and do proper expat tax planning before jumping into a large investment, since there are many […]
As an American living abroad, you may be renting out your home back in the States or possibly even have an investment property in your host country. After all, renting a good way to maintain the home while offsetting the monthly mortgage payments you are making on the property. There are some things you should […]
With so many beautiful and exotic places around the world to enjoy, it’s no wonder why many Americans are looking to buy and sell real estate abroad. However, buying and selling a foreign property can impact your US expat taxes and there are many important factors to consider. This article outlines several tips to reduce […]
As we move into December, now is the time to get started on gathering your tax paperwork and consolidating numbers for your 2015 tax return. If you are a property owner or landlord, you will need to take special considerations for your US tax return. This is especially true for US expats, where even the […]
From luscious tropical beach condos to quiet village cottages, buying property overseas has been a dream of many Americans. This dream can be a reality and may even help you save on what you pay in US expat taxes! Investing in foreign property has its advantages and drawbacks. The investment is not one that you […]
Any purchase of real estate is an important decision; but the investment of real estate in the United States can result in taxing problems for foreigners. Depending on the type of the real estate investment and the investment entity, there are special rules for purchase, operation and the eventual sale of US real property interests. […]
Years ago, capital gains tax was a huge topic in the US real estate world. Today, the subject is less controversial but also a bit more unclear, as the rules have changed since 1997. David McKeegan answers one reader’s question about how quickly you need to use a capital gain from a property sale to […]
According to the most recent report from the National Association of Realtors[1], sales of US residential real estate to international buyers was $92.2 billion for the twelve month period ended March 2014. This is a a 35% increase over the March 2013 profile that reported $68.2 billion. This is proof that despite the recent slow-moving […]
Many US taxpayers own foreign property, and oftentimes choose to rent those properties to offset ownership costs. While they likely know that they must report rental activity on their US expat tax return, there is often confusion about how to report the gain or loss from the sale of this property. In this video, David […]
