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Real Estate REI Abroad

Discussion in 'Real Estate Investing' started by zaiteku, Mar 19, 2008.

  1. zaiteku

    zaiteku New Contributor Read Millionaire Fastlane

    Likes Received:
    Dec 10, 2007
    Honolulu, Hawaii
    Rep Bank:
    Does anyone invest overseas?

    I was wondering what the tax implications are? For example, if I own a rental unit in NZ, do I HAVE to repatriate the money to the US each year? or can I leave it in an account over there for as long as I want? Would this shelter me from US Fed. income tax as long as I dont bring it into the US?
  2. JScott

    JScott Legendary Contributor FASTLANE INSIDER Speedway Pass LEGENDARY CONTRIBUTOR

    Likes Received:
    Aug 24, 2007
    Rep Bank:
    I'm not a CPA (so take this for what it's worth), but I believe that if you're a US citizen, you need to pay US taxes on any money you earn, regardless of the source or the location of the source...

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