Is the Mexican Land Trust Subject to U.S. Taxation?

A Mexican Land Trust is commonly referred to as the ‘fideicomiso’.  What is a fideicomiso?  Well in short, a Mexican Land Trust is how non-Mexican persons hold residential real property located in restricted zones in Mexico. By the constitutional laws of Mexico, non-Mexican persons cannot directly own residential real property in “restricted zones” of Mexico.  Therefore many foreign nationals hold residential real property in Mexican Land Trust or ‘fideicomiso’.