• About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe
No Result
View All Result
Live and Invest Overseas
FREE REPORT
BEST PLACES TO RETIRE
*No spam: We will NEVER give your email address to anyone else.
  • HOME
  • COUNTRIES
    • Top Destinations
      • Panama
      • Portugal
      • Colombia
      • Northern Cyprus
      • Belize
      • Spain
      • Mexico
      • France
      • Indonesia
      • Vietnam
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
Live and Invest Overseas
  • HOME
  • COUNTRIES
    • Top Destinations
      • Panama
      • Portugal
      • Colombia
      • Northern Cyprus
      • Belize
      • Spain
      • Mexico
      • France
      • Indonesia
      • Vietnam
    • Browse All Countries
    • Best For
      • Retire Overseas Index
      • Health Care
      • Cost of Living
      • Investing in Real Estate
      • Editor’s Picks For Retirement
      • Establishing Residency
      • Starting an Online Business
      • Single Women
      • Playing Golf
  • BUDGETS
    • Super Cheap ($)
      • Cuenca, Ecuador
      • Chiang Mai, Thailand
      • The Philippines
      • Las Tablas, Panama
      • Granada, Nicaragua
    • Cheap ($$)
      • Algarve, Portugal
      • Medellin, Colombia
      • Boquete, Panama
      • Carcassone, France
      • Buenos Aires, Argentina
    • Affordable ($$$)
      • Abruzzo, Italy
      • Barcelona, Spain
      • Las Terrenas, Dominican Republic
      • Puerto Vallarta, Mexico
      • Costa de Oro, Uruguay
    • Luxury On A Budget ($$$$)
      • Ambergris Caye, Belize
      • Paris, France
      • Panama City Beach Area
  • Real Estate
  • ARCHIVES
    • Living & Retiring Overseas
    • Raising A Family Abroad
    • Foreign Residency & Citizenship
    • Offshore Diversification
    • Our Latest On Coronavirus ⚠️
  • Making Money
    • International Real Estate
    • Banking
    • Employment
    • Investing
  • CONFERENCES
  • BOOKSTORE
No Result
View All Result
Live and Invest Overseas
No Result
View All Result
Home How to

Keep Your Money From The IRS With Overseas Real Estate

This Asset Class Isn't Crashing

Kathleen Peddicord by Kathleen Peddicord
May 15, 2022
in How to, Real Estate
0 0
0
Beautiful panorama over the cityscape of Camara de Lobos in Madeira island, Portugal

Adobe Stock/cristianbalate

258
SHARES
3.7k
VIEWS
Share on FacebookShare on Twitter

8938.

That is the number of the IRS form you have to fill out to report foreign financial assets.

If you own foreign assets, you have to fill out IRS Form 8938 even if you’re currently living in the United States… and even if you’ve been living out of the country for most of your life.

However, here’s an important point: You do not have to report foreign real estate on 8938.

Here’s the relevant reference from the IRS’s website:

“Foreign real estate is not a specified foreign financial asset required to be reported on Form 8938. For example, a personal residence or a rental property does not have to be reported.”

The IRS wants every dollar and dime it can claw together, right? So why would they leave foreign real estate alone?

It’s a practical matter.

Even if they wanted to, how is the IRS (or anyone else, for that matter) going to seize or force the sale of your second home in Belize… your condo in the Dominican Republic… your penthouse in Colombia… your beach house in Brazil… your farmhouse in Portugal… or…

You see my point.

Lawyers, former spouses, friends, ex-employees, and business partners with axes to grind are stone-walled, too. None of them can touch your Panama villa with the avocado and mango trees growing in the backyard… no matter how many attorneys they hire.

For me, this makes a rental in Paris… or MedellĂ­n… or Lisbon… a piece of property anywhere in the world… the safest, smartest investment I can imagine. It’s like having a Swiss bank account that you can stay in on vacation… and that you could even eventually retire to…

The ultimate strategy for both storing wealth and keeping it private.

Get Your Free Real Estate Report Now!

Sign up for our FREE daily e-letter, Overseas Opportunity Letter, and we'll send you our latest Real Estate Report: The 10 Things To Know Before Buying Real Estate Overseas.

Now, this strategy born of a significant loophole is not a free-for-all. There are some rules…

You have to report any income you make from the property…

And, if you decide to hold the property in a trust or an LLC, then your interest in either of those has to be reported.

Hold the asset in your own name, though, and you don’t have to report it… not even if you own an entire village in a sunny, balmy Caribbean paradise.

If you’re a long-suffering reader, you understand how committed I am to global real estate as an asset class.

It’s the ultimate investment both for return—in the form of cash flow and value appreciation—as well as privacy and protection… superior to investing in stocks and mutual funds in nearly every way.

With my husband Lief, I have a growing portfolio of real estate in a variety of locations around the world.

Thanks to this strategy, which we have pursued together for two-and-a-half decades, we aren’t worried about our retirement…

We aren’t worried about our kids’ futures…

We aren’t worried about U.S. markets, crypto markets, war, inflation, or any other global crisis playing out in real time right now.

We’ve been able to travel the world for fun and for profit. And, as a result of this strategy, we’ve evolved a lifestyle that is both comfortable and filled with adventure and that will convert, whenever we’re ready to pull the trigger, into our retirement plan…

A retirement that will have us dividing our time among some of the world’s best places to spend time… in properties that we own and that, right now, are generating cash flow to the tune, in some cases, of 16% per year and more.

This is the best time in history to take advantage of what I call my New Swiss Bank Account strategy… and this is the best time in our lifetimes to begin investing in real estate overseas… or to expand your portfolio if you’ve already begun.

Preserving your wealth in offshore real estate is a heck of a lot more fun than putting it in a stuffy bank vault.

You get to do real stuff with your money… cool stuff… rather than just locking it away with a banker.

Now, I realize that everyone’s plan is different. You may not want to own dozens of properties all around the world. You might simply want a second home in paradise… whatever that means to you.

I prefer the Pacific over the Caribbean…

For you, life in the Caribbean might be a dream come true.

I like the city.

You might want to be up in the mountains.

That’s what’s great about this New Swiss Bank Account strategy… you can build whatever kind of investment portfolio and accompanying lifestyle that you want.

You could follow Lief and my lead and go big…

Or you could just find your place in the sun… safe, separate, and secure from the government and anybody else out to get your money.

Sincerely,
Kathleen Peddicord signature
Kathleen Peddicord
Founding Publisher, Overseas Opportunity Letter

Tags: Invest in real estateLive abroadlive overseasOverseas Real Estatereal estate abroadReal Estate Investing
Share104Tweet64
Kathleen Peddicord

Kathleen Peddicord

Kathleen Peddicord has covered the live, retire, and do business overseas beat for more than 30 years and is considered the world's foremost authority on these subjects. She has traveled to more than 75 countries, invested in real estate in 21, established businesses in 7, renovated historic properties in 6, and educated her children in 4.

Kathleen has moved children, staff, enterprises, household goods, and pets across three continents, from the East Coast of the United States to Waterford, Ireland... then to Paris, France... next to Panama City, where she has based her Live and Invest Overseas business. Most recently, Kathleen and her husband Lief Simon are dividing their time between Panama and Paris.

Kathleen was a partner with Agora Publishing’s International Living group for 23 years. In that capacity, she opened her first office overseas, in Waterford, Ireland, where she managed a staff of up to 30 employees for more than 10 years. Kathleen also opened, staffed, and operated International Living publishing and real estate marketing offices in Panama City, Panama; Granada, Nicaragua; Roatan, Honduras; San Miguel de Allende, Mexico; Quito, Ecuador; and Paris, France.

Kathleen moved on from her role with Agora in 2007 and launched her Live and Invest Overseas group in 2008. In the years since, she has built Live and Invest Overseas into a successful, recognized, and respected multi-million-dollar business that employs a staff of 35 in Panama City and dozens of writers and other resources around the world.

Kathleen has been quoted by The New York Times, Money magazine, MSNBC, Yahoo Finance, the AARP, and beyond. She has appeared often on radio and television (including Bloomberg and CNBC) and speaks regularly on topics to do with living, retiring, investing, and doing business around the world.

In addition to her own daily e-letter, the Overseas Opportunity Letter, with a circulation of more than 300,000 readers, Kathleen writes regularly for U.S. News & World Report and Forbes.

Her newest book, "How to Retire Overseas: Everything You Need to Know to Live Well (for Less) Abroad," published by Penguin Random House, is the culmination of decades of personal experience living and investing around the world.

Related Posts

A farmhouse in Croatia
How to

4 Lessons We Learned Renovating Rental Property Overseas

by Kathleen Peddicord
March 26, 2023
0

In advance of the purchase of the property known as Lahardan House, the 200-year-old Georgian manor home we bought years...

Read more
Senior couple sitting on chairs at summer beach

Your Plan For Retiring Overseas Can It Be Part-Time?

February 28, 2023
Colorful street in Granada, Nicaragua

The World’s Most Affordable Real Estate Buys In 2023

January 12, 2023
Picturesque lane with flowers in an Italian hill town

5 More Things To Check Before You Move Overseas

January 11, 2023
What We’re Planning For The Next Stage Of Life

What We’re Planning For The Next Stage Of Life

January 8, 2023
Mazatlan as seen from afar with a spectacular cliff line in the foreground

The 2-Step Guide To Finding And Buying Real Estate Abroad

December 1, 2022
Tourist girl in a hat and with a backpack on the background of modern high-rise buildings in Batumi, Adjara, Georgia.

The Top Places To Buy Cheap Real Estate

November 29, 2022

Start Your New Life Today, Overseas ...

A world full of fun, adventure, and profit awaits! Sign up for our free daily e-letter, Overseas Opportunity Letter, and we'll send you a FREE report on the 10 Best Places To Retire In Style Overseas Today.

LIOS Resources


  • New To LIOS
  • Ask An Expert
  • Media Center
  • Contact Us
  • FAQs

Quick Links


  • Best Places To Live
  • Best Places To Retire
  • Finding A Job Overseas
  • Real Estate

Sign up for our free daily e-letter, Overseas Opportunity Letter, and get your FREE report: The 10 Best Places To Retire Overseas In 2023

  • About Us
  • Contact Us
  • Privacy Policy
  • Terms
  • Unsubscribe

© 2008-2023 - Live and Invest Overseas - All Rights Reserved.

No Result
View All Result
  • Home
  • Countries
  • Budgets
  • Archives
  • News
  • Events
  • Bookstore
  • Newsletters
  • About Us
  • Members Area
  • Contact Us

© 2008-2023 - Live and Invest Overseas - All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Download your FREE report on

The Best Places To Retire In 2023

New Year, New You, New Life Overseas

Sign up for FREE and learn how to live the good life on a modest budget, find bargain property, and more. Plus, check out our free report on the 10 BEST PLACES TO RETIRE.

RETIRE OVERSEAS AND LIVE LIKE ROYALTY