Realestate/Taxes

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alexalexNew Member
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Posts: 2
Joined: Mon Jul 27, 2009 9:03 am

Realestate/Taxes

Post Mon Jul 27, 2009 9:16 am

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

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