Mel Whitney
Articles
Capital Gains Tax on the Sale of Your Primary Residence (in US and Abroad)
There is a section in the Internal Revenue Code that allows a sizeable exclusion from any profits realized by selling your primary home. In the Internal Revenue Code is Section 121<...
Deductible Expenses for American Property Investments
It’s not uncommon for US Expats living abroad to invest in property located in the United States. If you’re a property investor, there are some available deductions of which you should be aware. When the housing sector turns into a buyers’ market, many US Expats take the opportunity ...
Property Ownership Structures and How They Affect Your US Expat Taxes
If you are considering investing in US property, you may be interested in establishing a business structure to increase your privacy and protection against losses. US property values have – once again – taken a dive, and many US Expats are capitalizing on the market value downturn. If you ar...
Information You Need About Foreign Rental Properties
If you own rental properties in a foreign country, you may be aware that they are treated the same as US domestic rental properties if they are owned by a US Citizen or Green Card Holder. There are some aspects to consider, however, when you own a rental property overseas. Whether you inherited the property or you purchased the propert...
How to Report Losses on Your Positive Property Cash Flow
It is possible to report a positive cash flow ‘on the books’ and still claim losses to reduce or eliminate your US income tax liability. You may have seen or heard about property owners paying little or no taxes on their property income while a positive cash flow was reported on their US income tax...
Taxes and Loan Interest…What’s Deductible?
The IRS allows certain types of interest to be deducted from one’s US expat tax return. In order to file your US taxes appropriately, it’s important to know what types of interest you’re able to deduct and the types of interest for which tax deduct...