Posts by Sean Stewart5

Mark Martin10 said:The buyer always picks up the tab—even when it comes to the seller's capital gains tax. It’s not about what you pocket at the moment of sale; once you strip away all your expenses and hand over a chunk to the IRS, whatever is left is your actual profit.

What you’re talking about is just how things work here in the States—if you're a tourist, a coffee at a cafe in Miami is gonna run you $10 while the local pays $5.

I guess I should clarify, when you say "the buyer," are you actually referring to the property owner? Because, in this particular situation, we aren't really looking at a sale, but more of a rental setup.

Hey there,

So, I'm actually planning on moving to San Francisco, though I'm originally from Bulgaria. While I was browsing Numbeo, I stumbled across this comment:

We have a large two-bedroom furnished apartment just outside the city center (about a 20-minute walk) right near the beach and the marina. We're paying $660 a month. The thing about San Francisco is that it is hard to find a landlord willing to rent year-round. They usually want to rent from September 1 to the following July 1. For that you can rent, in our case, for $500 a month. We actually managed to negotiate our rent down from $800 a month to $660. On top of that, we pay a 12% tax because we're foreigners.

Basically, people are claiming that just because they're foreigners, they have to deal with a 12% rental tax.

I guess it sounds super weird to me, since I haven't really heard of anything like that happening in other countries before.

Could anyone maybe clarify how things work here in America regarding this kind of tax?

Thanks in advance!

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