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I own a foreign real estate property with my parents who live in it. My parents are paying all expenses and taxes. Do I need to declare this property?
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If you own the property directly as an individual, there is no reporting requirement. But if you own it through an entity, such as a foreign corporation, you may well have reporting requirements. It's all well explained in this CPA web reference: http://www.smtaxcpa.com/files/international-tax/Owning%20Foreign%20Real%20Estate.pdf
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