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Certain foreigh losses are no longer segregated - the law changed in about 2007. For the life of me I can't understand why, but the governemnt changed the rules to allow general deductibility for overseas losses, in certain circumstances, which includes property investments.

Hi all I've got a brother in New York who's thinking about buying a house there. I'd like to buy an investment property in the US, so I'm thinking about buying a place and he'll rent it off me. That way he can pay significantly less rent to me than the mortgage and tax payments, or to put...