Mexican Land Trust Is Not a “Trust” to the IRS
NOVEMBER 26, 2012 VOLUME 19 NUMBER 43 Many Arizona residents own vacation property in Mexico. Most Arizonans are at least somewhat familiar with Mexico’s land laws governing property ownership by U.S. citizens. The Mexican Federal Constitution of 1917 prohibits non-citizens (of Mexico, that is) from owning property within 100 kilometers of the border or 50…