Tax danger of buying non-US real estate as a US taxpayer

I hate alarmist content, but my friend is F**KED. Like, $87,000 of taxable income fucked with no money to pay the 32% tax. Many subscribers of FI/RE dream of moving out of the US (if that is their place of origin) to save money in retirement. Dropping money on a home in their new country of residence could be a dream come true. Until so-called "phantom foreign currency income" taxes whack you over the head with a baseball bat. Read on for the dangers of buying real estate outside of the US so you can discuss with your tax advisor BEFORE you buy.

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