Retirement tax questions

thanks JBedford for your reply. A follow up question, if i were to create a trust or some kind of legal entity in the foreign country and register the house or property under this legal entity and have myself and a nephew as the board members of this entity, how will my taxes be calculated if I only own half of that property (my nephew owning the other half) and the property renders rental income because a portion has been rented but the property is also the primary residency for myself and my nephew?