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I receive income on agricultural land in Romania, most is kept in a bank account there. I transferred a limited amount here. Do I declare the full amount for taxes here?

 
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DDollar
Expert Alumni

I receive income on agricultural land in Romania, most is kept in a bank account there. I transferred a limited amount here. Do I declare the full amount for taxes here?

Yes, if you are a US Citizen or Resident Alien you are taxed on your worldwide income.  It makes no difference whether or not you transferred the money to the US or not.

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4 Replies
DDollar
Expert Alumni

I receive income on agricultural land in Romania, most is kept in a bank account there. I transferred a limited amount here. Do I declare the full amount for taxes here?

Yes, if you are a US Citizen or Resident Alien you are taxed on your worldwide income.  It makes no difference whether or not you transferred the money to the US or not.

I receive income on agricultural land in Romania, most is kept in a bank account there. I transferred a limited amount here. Do I declare the full amount for taxes here?

Thanks so much for your clear response
DDollar
Expert Alumni

I receive income on agricultural land in Romania, most is kept in a bank account there. I transferred a limited amount here. Do I declare the full amount for taxes here?

You're welcome.  Thanks for using TurboTax!

I receive income on agricultural land in Romania, most is kept in a bank account there. I transferred a limited amount here. Do I declare the full amount for taxes here?

Sorry, but where in TurboTax do I enter the incomes received a) from lease of agricultural land and b) from house / property sale, both in Romania - Thanks!

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