Michael Karlin and Bianco Ko presented "U.S. Houses and Other Private Use Assets Held by Non-resident Aliens in the United States" to the STEP Los Angeles branch, discussing the corporate, flow-through, and trust structures that "NRA" individuals and families should consider when purchasing property. Tax issues faced during acquisition, ownership, sale or exchange, and inheritance, as well as filing requirements, factor into the planning objectives and strategies discussed as well. Michale and Bianca conclude with a discussion of practical issues, from setting up entities and managing the property to basis, privacy, and home country taxation.
Download PDF
