My father has rental property in Texas, since he is a US citizen and I am a NRA how does taxes work if later on I inherit the property?
I am a Mexican citizen living in Mexico but in his will the rental property he has he will pass it on to me, I heard it was a 40% inheritance tax for Non Resident Aliens? Is that correct? Are there better options like form an LLC with him and pass the rental property to the LLC, What options do I have?
[link] [comments]
source https://www.reddit.com/r/RealEstate/comments/sujmvb/my_father_has_rental_property_in_texas_since_he/
Comments
Post a Comment