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Which expenses paid during the EB-5 process are tax deductible?

Let''s say an EB-5 investor (who is now, for tax purposes, a United States resident) has invested $500,000 in a project via an EB-5 regional center, to which the investor has paid a subscription fee of $50,000. Is this fee tax deductible? Is any part of the EB-5 process tax deductible? How about my legal fees?

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    Jinhee Wilde

    Immigration Attorney
    Answered on

    This is a question that you should ask your accountant and it will depend on the tax laws of your country on what is tax deductible. In the U.S., legal fees and regional center administration fees are not usually the items that could be deducted as expenses in a personal income tax.

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    Charles Foster

    Immigration Attorney
    Answered on

    You should consult your tax advisor with respect to whether any parts of the expenses of the EB-5 project are tax deductible. If they were considered a part of your normal business expenses, they would be, but it is not clear whether or not this would be considered a business expense.

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