Florida Property Investment Tax Advice

Investing in Florida real estate can create U.S. tax and reporting obligations at every stage of the investment. We help U.S. and international investors understand those obligations and how the Florida property fits within their broader tax position.

Our support can begin before purchase with a review of the U.S. tax consequences of the proposed ownership structure and continue through initial tax setup, rental-income reporting and depreciation, annual U.S. tax filings, and the eventual sale of the property, including FIRPTA-related matters. For international investors, we coordinate with their home-country advisers where appropriate.

Where an investor chooses to hold Florida property through an LLC, we can also prepare and submit the Florida LLC formation filing, assist with the EIN application, review the entity’s federal tax classification, and handle the resulting tax and compliance requirements. For foreign-owned disregarded LLCs, this may include Form 5472 with a pro forma Form 1120 where required.