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OilersBaby · 03-13-2009, 01:16 AM

This question isn't for me, as I'm already a homeowner in the USA and an American citizen, but for a friend of mine living in Calgary. She wants to buy a home in the USA...isn't a greencard holder or a citizen of the USA. I know Canadians buy property in the USA (and elsewhere) all the time. Are there any tax implications...ie do you have to pay tax in the USA and in Canada for a house you buy in the US if you're a Canadian resident and buying in cash? If you put Canadian money in a USA bank account and then pay for the house, is the IRS going to be knocking on your door wondering where you got this money from (since you have no record of living or being in the USA?)

Anything else I'm missing or should know?

Thanks you guys.

03-13-2009, 01:16 AM	#1
OilersBaby First Line Centre Join Date: Oct 2006 Location: San Jose, CA Exp:	Buying a House in the USA This question isn't for me, as I'm already a homeowner in the USA and an American citizen, but for a friend of mine living in Calgary. She wants to buy a home in the USA...isn't a greencard holder or a citizen of the USA. I know Canadians buy property in the USA (and elsewhere) all the time. Are there any tax implications...ie do you have to pay tax in the USA and in Canada for a house you buy in the US if you're a Canadian resident and buying in cash? If you put Canadian money in a USA bank account and then pay for the house, is the IRS going to be knocking on your door wondering where you got this money from (since you have no record of living or being in the USA?) Anything else I'm missing or should know? Thanks you guys. __________________