Election to Treat Rental Income as ECI under IRC Section 871(d)

U.S. source rents are treated as U.S. source FDAP income when paid to a nonresident owner of real estate. A nonresident can file a Section 871(d) election with their Form 1040-NR to treat the income as ECI.

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DISCLAIMER: I am a licensed attorney and certified public accountant (CPA) in the State of Florida. I am not a financial advisor. The information provided in this video is for entertainment purposes only. No such communication is provided in the course of an attorney-client relationship, and no communication is intended to constitute legal advice. You should speak with your own tax and legal professionals to discuss your circumstances before performing any of the tax, legal or accounting strategies demonstrated in this video. Thank you.