He has an ex-pat client who still owns a rental property in the United States. Related: The Ultimate Guide to Real Estate Taxes & DeductionsMy friend came to find out that, for tax purposes, the IRS disregards LLCs that are designated “single-member.” This meant rental income in these scenarios is taxed on the individual’s personal tax return. Real Estate Taxes: Do This Right Away When Starting Out as an InvestorVerify vendor and contractor informationTouch base with each vendor or contractor you’ve worked with throughout the year. Avoid Capital Gains Taxes on Real EstateTax Deductions for Real Estate InvestorsDeducting expenses related to managing a rental property is one of the main benefits of investing in real estate. How to Prevent a Tax Hit When Selling Real EstateSelling an investment property is not a decision to be taken lightly.