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?
04438
1 Best answer
DDollar
Expert Alumni
Jun 3, 2019 1:56:24 PM
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.
4 Replies
DDollar
Expert Alumni
Jun 3, 2019 1:56:24 PM
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.
bogvlad
Level 2
Jun 3, 2019 1:56:25 PM
Thanks so much for your clear response
DDollar
Expert Alumni
Jun 3, 2019 1:56:26 PM
You're welcome. Thanks for using TurboTax!
bogvlad
Level 2
Jun 3, 2019 1:56:28 PM
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!