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New Member
posted Jun 6, 2020 8:53:54 AM

Hi, I own a share in a foreign partnership. The partnership itself holds one house. How do I report the income on my US tax return?

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1 Replies
New Member
Nov 10, 2020 8:58:44 PM

Hi,

 

It seems like you will need to fill out Form 8865 to report your allocable share of the partnership income and deductions. In your case, the partnership would report foreign rental income and deduction associated with the rental property. Since this form is complex I would recommend contacting CPA with international tax experience to help you out.