When planning to acquire U.S. real estate, foreign individuals have a number of ownership alternatives to consider, each of which offers its own advantages and disadvantages. Following is a brief summary of the most common options, along with other items a foreign investor should consider when evaluating the most advantageous method for holding […]
The cost of repairs to rental property is a deductible tax expense.
However, the costs of improvements to a property are not deductible in the year paid. Improvements are recovered by taking depreciation.
What is the difference between a repair and an improvement?
A repair keeps your property in good operating condition. It […]
DO YOU HAVE FOREIGN OWNERS/INVESTORS?
As a property manager, you are very much aware that by law, you must issue a 1099 form reporting gross rents to your property owners by 1/31 of every year.
However, there seems to be a great deal of confusion out there when it comes […]