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  4. When foreign individuals own more than one piece of real estate in the United States, can they claim an exemption based on the value of each piece of property?

When foreign individuals own more than one piece of real estate in the United States, can they claim an exemption based on the value of each piece of property?

No, real property must be reported to the BEA in aggregate. To claim an exemption for real estate, the entirety of the U.S. property must be aggregated to report total assets, gross revenue (rent) and annual net income after the provision for tax.

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