Not only will you have real estate (or property) taxes which you'll pay annually. You'll also have to pay capital gains tax when you sell the house.Canadian buying home in US, what taxes would I pay?
It depends on what state you are moving to. Generally, though, you would be responsible for any property taxes and title processing - all of which occurs in the jurisdiction of where you're buying.Canadian buying home in US, what taxes would I pay?
Owning the home will trigger property taxes.
Renting the home will trigger federal and state taxes.
You will be taxed on the purchase, then have annual property taxes. They vary greatly from state to state.
Property taxes! And unless you are moving here to make this your residence, they could be costly!
Property tax for one.
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