Realestate/Taxes

Hi everyone,

I am curious how does it work if you have property in the states (FL) and you rent it out. I am sure that you pay taxes on your income but how. Do you have to file yourself. Do you pay in the IRS or do you pay for it in Canada? I am Canadian and am looking to have vacation property there! What if I sold my property and made 20k more then what I bought it for? How is this done?

Any info would be helpfull to start off with.

Thanks

Alex

You're posting in the wrong section, have a read of this thread: Canadian resident- How to buy a home in USA?

hey alex,

it depends, i mean depending to the rules of your area where you are residing.. but me, i pay it myself by filing it.