Paid property tax in MA, no income not in country.

juliox said: Depends on if the country you currently reside in offers any tax benefit for taxes paid to another country

Its a tax free country, no tax benefits

Property taxes and income taxes have nothing in common. One is assessed by the U.S. government and the other is assessed by your local county office. Although you are not living in the U.S., your property taxes still help pay for city and county provisions, i.e. school districts, emergency agencies, etc... Your property taxes are deductible on your U.S. return, but if you have no income, then the property taxes you pay are of no personal benefit to you.

LH2004 said: Is the condo for personal use, a rental or for some kind of business? It's possible you can capitalize or carry forward the cost, potentially giving you a tax benefit in a future year, if it's not personal.Are you suggesting he start smuggling women into the country? Frankly, I think that type of suggestion is highly inappropriate.

cid911,

Are you a US Citizen or US Permanent Resident? If so, you owe Uncle Sam taxes on your worldwide income, perhaps less any income tax paid to the country you're in. (You said there is no tax there). You can deduct property tax paid to the municipality in Massachusetts, which would make sense if the property tax is greater than the standard deduction.

LH2004 said: Is the condo for personal use, a rental or for some kind of business? It's possible you can capitalize or carry forward the cost, potentially giving you a tax benefit in a future year, if it's not personal.

Currently it is occupied sometimes by my friend when he is in town. If I rent it out will that help me anyway on tax issue? How can I capitalize or carry forward the cost as u mentioned before?

If you rent the condo out you would have to pay income taxes on its income however you could deduct from that income any property taxes paid and other expenses like mortgage and management fees.

Be aware that renting residential property from overseas is not the easiest thing to do. You are subject to landlord-tenant law in the area of your rental, which is Mass. is quite complex and favors the tenant.

NEDeals said: I'm curious...how can one adjust status and go back and forth at will between permanent resident and no status? Typically once permanent status is relinquished, the process to become a permanent resident would begin anew...For tax purposes, the only categories for aliens are "resident" and "nonresident." You're a resident if you have a green card (which is certainly hard to give up and regain); or, if you're present in the U.S. for a substantial number of days over the past 3 years (a weighted average that gives more weight to the current year), but excluding certain days (for example, days when you're in the U.S. as a student or teacher on a J visa, subject to time limits). If you're regularly moving in and out of the U.S., it's easy to be a resident some years and not others based on the day-count test. On top of that, a treaty with your home country can effectively make you a nonresident even if you would be a resident under these tests; it is sometimes easy to gain and lose that benefit. Finally, under certain circumstances, a nonresident can elect to be treated as a resident.