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What If I Own Real Estate In a Foreign Country? Answers Here!

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  1. Stephen B Jordan EANovember 24, 2014 at 8:55 AM

    Fabulous information Manasa! Much appreciated...

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    1. Manasa Nadig, The Buzz About TaxesNovember 24, 2014 at 9:13 AM

      Thanks so much for the feedback, Stephen. Really appreciate it as well as the follow on Google+.

      Delete
  2. UnknownNovember 24, 2014 at 3:59 PM

    " If these real estate holdings were held by a foreign entity, such as a foreign corporation, partnership, estate or a trust, in which you have an interest, then ONLY the investment in this foreign entity must be reported on Form 8938, if the form thresholds are met." In addition, the US owner of the foreign entity will also likely have a separate US filing obligation on Form 5471, 8621, 3520 or 8865 with respect to the foreign entity as well as a FinCen 114 reporting requirement for the entity's bank and investment accounts.

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    1. Manasa Nadig, The Buzz About TaxesNovember 24, 2014 at 6:02 PM

      Thanks for stopping by Pat, and you are right. That's what I meant by "If point # A applied to you, there are other reporting requirements in addition to Form 8938.".

      Delete
  3. UnknownNovember 25, 2014 at 7:51 AM

    This is a great summary Manasa. Thanks for posting.

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