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    Nababan's Avatar
    Nababan Posts: 2, Reputation: 1
    New Member
    		  
    #1

    Nov 10, 2011, 07:27 AM
    Property G-1 Visa
    Hi, I am a G-1 visa holder, single and also a tax-exempt status in this country and, as I just bought a property in Brooklyn, New York. So my question is could I file a property tax return in the future since I am going to pay Property-tax on the house starting December 2011? Thank you very much and Have a great day.
    taxesforaliens's Avatar
    taxesforaliens Posts: 649, Reputation: 117
    Senior Member
    		  
    #2

    Nov 10, 2011, 09:53 AM
    There is no property tax return.
    Although you are exempt from income taxes on your G1 visa you are not exempt from property taxes.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #3

    Nov 11, 2011, 06:23 AM
    Further, if you later sell the property for a gain, you WILL have to file a tax return (Form 1040NR with Schedule D) and pay taxes on those capital gains. The exclusion of tax on gains for homeowners will NOT apply to you.
    Nababan's Avatar
    Nababan Posts: 2, Reputation: 1
    New Member
    		  
    #4

    Nov 11, 2011, 08:06 AM
    Thank you very much for your information Mr.taxesforaliens and Mr. AtlantaTaxExpert. Have a blessed week-end.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #5

    Nov 12, 2011, 06:20 AM
    Glad to help!
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