Royspurs

No doubt, like many who read TV, I am planning for my retirement in LOS and I was wondering if anyone knows how the IRS taxes income from rental homes in the US when you live in Thailand and are not a US citizen.

My situation is, I am an Australian citizen currently living in the US, I have three houses here (Houston) that I own outright, the income from these (about $50k after expenses) will form a part of my retirement income.   I am currently on a green card but will let that lapse once I leave the US, so I don’t think my worldwide income will be a factor (I will have income form the UK & Australia also).

Is anyone in the same situation as me? Or are there any US citizens, living in LOS, that can explain how real estate generated income is taxed when living OS?

Also, is there any advantage to forming a company in the US to hold the properties (there maybe another 1 or 2 added prior to my leaving)

Any help would be greatly appreciated.  Thx

After hearing all the horror stories about importing cars and motorcycles into Thailand I was wondering if its the same when you import a golf cart or is something like that classified as a part of your regular belongings?

I will be moving to Thailand in the next year or two so will be bringing a container of household items and was going to bring a golf cart, good idea, any experiences to share??

thanks in advance Roy