Rental Income

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  • #166508
    Simpson
    Member

    Do you have to report rental income to Costa Rica IRS if you are a US citizen, I believe I am responsible for taxes to the US?

    I am thinking of buy a rental property with a bed and breakfast and several small rental houses?

    Can anyone answer this question before I make an investment in Costa Rica!

    #166509
    mrbillfog25
    Member

    [quote=”Simpson”]Do you have to report rental income to Costa Rica IRS if you are a US citizen, I believe I am responsible for taxes to the US?

    I am thinking of buy a rental property with a bed and breakfast and several small rental houses?

    Can anyone answer this question before I make an investment in Costa Rica!

    [/quote]
    Yes
    If the rental period is 15 days or less you are supposed to pay a tax that is on par with hotel taxes. This article from August talks about it.
    http://thisweekincostarica.com/info/2013/8/29/a-costa-rica-vacation-rental-tax-in-place

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