Even though I am not well-versed in international and foreign tax issues, many of our Tax Experts are and they can help you get your taxes filed accurately. You can start your own return using TurboTax Online and then upgrade to a higher level of service as you go if you need additional help. Since you are reporting rental income, you need to use the Premier or higher version.
As for some of you questions about reporting the rental income, I'll try to give you some guidance. Since you own half of the property, you will only report half of all of the income and expenses as part of your return. As you go through the rental property section of your return you will need to convert the amounts from euros into dollars since the tax return will be in dollars.
You can use whatever paperwork is available to you to determine what you need to report on your return. None of it will be required to be sent to the IRS with your tax return. The only reason you would need it for the IRS would be if your return is audited and they request documentation. Just be sure to keep your own records for the information you report on the return.
Lastly, since the property is located in a foreign country, the depreciation method may differ than if it were in the US. Pay close attention to any questions related to where the property is located.
@CThunder
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