Owing a rental property in the US while living in Canada

[missedTheGCBus]

You then have to file 1040-NR. After 2020 i have been filing 1040-NR for USA.

I see, but then doesn't that mean no standard deductions etc
The rules seem very complicated and harsh for rental properties too in that case

 

[swan0206]

I see, but then doesn't that mean no standard deductions etc
The rules seem very complicated and harsh for rental properties too in that case

Thats right. Even FBAR isn't valid for Non-Residents. I know right we have to be financially compromised for few years to benefit the other(becoming Canadian).
Im not sure about rental properties.

 

[missedTheGCBus]

Thats right. Even FBAR isn't valid for Non-Residents. I know right we have to be financially compromised for few years to benefit the other(becoming Canadian).
Im not sure about rental properties.

oh wow, does that mean you have been paying higher tax rate to US/IRS?

 

[missedTheGCBus]

If you cross enough days, won't you remain a resident for tax purposes?

Days that you commute to/from work don't count as per IRS residency specifications.
So you actually have to spend appropriate number of days + nights I think