Ahuertas
Jan 29, 2013, 08:12 AM
Good morning,
I'm a G4 visa holder working full time in an international organization. I own a condo in DC, still paying mortgage for the next 25 years.
I am planning to move to a larger place, also in the US. In case I decide to keep and rent put the condo, how would the rental income be taxed?
1) 30% flat on gross income? Which I understand it's taxation on rental income for non-resident aliens, when the property is not connected to a trade or business in the US.
2) at the normal US Income Tax progressive rate. Which I understand is taxation on rental income for resident aliens, or for non-resident aliens when the property is connected to a trade or business in the US.
Thank you very much for your assistance!
I'm a G4 visa holder working full time in an international organization. I own a condo in DC, still paying mortgage for the next 25 years.
I am planning to move to a larger place, also in the US. In case I decide to keep and rent put the condo, how would the rental income be taxed?
1) 30% flat on gross income? Which I understand it's taxation on rental income for non-resident aliens, when the property is not connected to a trade or business in the US.
2) at the normal US Income Tax progressive rate. Which I understand is taxation on rental income for resident aliens, or for non-resident aliens when the property is connected to a trade or business in the US.
Thank you very much for your assistance!