Concerning the tax aspect. According the tax legislation of Russian Federation, for residents and non-residents of Russian Federation the tax rates are different. The residents of Russian Federation pay 13% tax, non-residents - 30%. But there is one agreement between Russian Federation and the USA of avoiding the double tax payment (the agreement of June, 17, 1992, came in to action December, 16, 1993). According to this agreement you have to pay tax only in one of these countries. It means that in case if you would like to sell this apartment it will be enough for you to write in declaration in the USA the information of selling the apartment and about the profit you've made, and pay the tax in the USA. In this case, the Russian Tax Department can not ask you to fill out the tax declaration and pay the tax again. \n In the case if you will give this apartment for rent, you will have to pay the tax too. In Russia this tax will be 30% from the profit. In the USA according the US legislation you have to claim about your profit filling out the tax declaration in one of the countries. \nThe same rule refers to payment of annual tax for property.\nThis answer was prepared by Karina Krasnova: http://www.1cisus.com/jurist/main.html