Income Tax

Income Tax

If you are going to use your US real estate as a source of income, you are required to pay taxes to the IRS. Since real estate is an income generator, it is treated in the same way as a business and you can write off all costs related to maintenance, even trips that are justified as necessary for the upkeep of the real estate.

Consult a good accountant to understand what can and cannot be deducted and how you should file your taxes.

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