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How are Mexican corporations taxed on property in the US?
How are Mexcian corporations taxed on real estate in the US? What limitations, laws, or restrictions should a Mexican corporation know about owning property in the US?
Asked By Javier | Pueblo, NM | 67 views | Investing | 1 month ago
Answer(1)
Chris Cervantes
RE/MAX GOLD
Mexican corporations are taxed on U.S. real estate income, including rental income and capital gains. Key points to know:
Income Tax: U.S. taxes apply to rental income and profits from selling property.
Withholding Tax: When selling, there’s a 15% withholding tax on the sale under FIRPTA.
State Taxes: They may also owe state and local taxes.
A tax professional is essential to navigate these rules.
- 3 weeks ago
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