Tax Issues for U.S. Residents and Foreign Nationals

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Subject:		Non Resident with Real Estate investment in LLC
Name:		Jim
Date Posted:		Jul 6, 08 - 11:53 PM
Message:		Hello, Can a NR Alien that is living outside of the US report rental income and interest on schedule E, having it as 'effectively connected', and later, when the asset will be sold, report capital gains from the sale of his share in the LLC on schedule D and get taxed in a lower rate (then the 30%)- like a US resident or citizen ? thanks very much J

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