U.S. Tax Considerations When Buying Property Abroad
ACTEC Trust & Estate Talk
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U.S. Tax Considerations and Strategies for Purchasing Real Property Abroad
This chapter explores the importance of having a U.S. accountant onboard when purchasing real property abroad to ensure compliance with reporting requirements. It discusses different options for holding foreign property and emphasizes the need to consult both foreign advisors and U.S. accountants to address potential tax, property law, and reporting issues.
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