# Deductibility of Golden Visa expenses for US tax purposes

**URL:** <https://community.nomadgate.com/t/deductibility-of-golden-visa-expenses-for-us-tax-purposes/60935>\
**Category:** Portugal Golden Visa\
**Created:** [August 30, 2023, 2:43pm UTC](https://community.nomadgate.com/t/deductibility-of-golden-visa-expenses-for-us-tax-purposes/60935 "2023-08-30T14:43:46Z")\
**Posts on this page:** 2\
**Page:** 2

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**Author:** ![ohbee](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/o/977dab/32.png) [@ohbee](https://community.nomadgate.com/u/ohbee)\
**Post date:** [September 7, 2023, 3:44am UTC](https://community.nomadgate.com/t/deductibility-of-golden-visa-expenses-for-us-tax-purposes/60935/21 "2023-09-07T03:44:51Z")

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Adding to the basis…reduces your taxable income. One might say it acts as a deduction.

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**Author:** ![garrett](https://community.nomadgate.com/letter_avatar_proxy/v4/letter/g/3e96dc/32.png) [@garrett](https://community.nomadgate.com/u/garrett)\
**Post date:** [September 7, 2023, 1:36pm UTC](https://community.nomadgate.com/t/deductibility-of-golden-visa-expenses-for-us-tax-purposes/60935/22 "2023-09-07T13:36:54Z")

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Completely different mechanisms though.

Don’t be a weirdo

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