Own real estate in Mexico? Here’s what it means for your US taxes

Published March 28, 2024

According to statistics released by both the U.S. and Mexican governments, record numbers of Americans are moving to Mexico to live and work. And why not? With its rich culture, temperate climate, proximity to the United States and affordable living, relocating to Mexico could be the new American Dream. In the six years that I have lived in San Miguel de Allende, I’ve seen more and more U.S. citizens taking advantage of opportunities to purchase vacation homes, investment properties and places to settle in retirement.

When buying real estate in Mexico however, it’s important to understand the tax consequences of your decision, both in Mexico and the United States.

Read more […]

Mexico News Daily is the premier source of English-language news about Mexico. Our editors and writers synthesize information from Mexican newspapers and periodicals to bring you the day’s most important news about the country’s politics, economy, business and security. We want to inform readers, and also expand their horizons by curating engaging and useful content about art, culture, history, travel, real estate and lifestyle in Mexico.