Discussion:Foreign Real Estate Ownership
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MRBARRYTAX (talk|edits) said: | 20 January 2006 |
| I am new to site. Here goes. New client informed me that she owns real estate property in South Korea. There is no mortgage on the property. It is worth about $200,000. Can we deduct as second residence and write off taxes. If she decides to place it on th rental market, can I deduct travel exp to check on property, depreciation, etc. if if fact she is unsuccessful in obtaining a tenant? | |
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