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Tax Implications for US Citizens

Discussion in 'North America Real Estate' started by sdhir, Apr 26, 2007.

  1. sdhir

    sdhir New Member

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    If US Citizens profit from property transactions outside of US then what is their tax liability?
    For example if they buy in Canada and sell it at profit, do they pay taxes in Canada under Canada's tax law or do they pay in US under US tax law?
    Same question arises when Canada is repalced by any other real estate investment destination.
    Perhaps a new forum regarding the tax implications for various destinations should be started to gain insights from investors who have experienced this unavoidabkle problem.
     
  2. liveirisjul

    liveirisjul New Member

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    yeah do they really pay taxes in Canada under Canada's tax law or do they pay in US under US tax law..??

    :)
     
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