Series · 6 articles

US rental ownership and tax

Articles in reading order

1. 

   Part 1

   US rental ownership: personal title, LLC, and corporate taxation

   Understand what personal title, a rental LLC, and corporate tax elections change—and the financing, insurance, and state questions to resolve first.

2. 

   Part 2

   Rental LLC questions in Texas, Florida, and California

   Compare selected rental LLC fees and reporting in Texas, Florida, and California, with dated state figures and a checklist for property-location obligations.

3. 

   Part 3

   US rental deductions: expenses, improvements, and basis

   Separate US rental expenses, improvements, loan payments, and acquisition costs so your records explain current deductions, basis, and cash flow.

4. 

   Part 4

   US rental depreciation: the deduction, the basis adjustment, and the eventual sale

   Follow US rental depreciation from building basis and annual deductions to adjusted basis at sale, with a worked example separating gain from cash.

5. 

   Part 5

   Renting part of your home or hosting short stays in the US

   Check US home-rental allocations, personal-use days, guest services, damage payments, and local obligations before treating hosting as an ordinary rental.

6. 

   Part 6

   Canadian owners buying US rentals: why a domestic LLC guide is not enough

   Plan a Canadian resident’s US rental purchase around entity classification, treaty limits, withholding, reporting and succession before choosing an LLC.