pk
Level 15
Level 15

Get your taxes done using TurboTax

@GregAllum11 , as a US Resident for tax purposes, you will be taxed on world income and   given  tax credit ( or deduction which may not be helpful in many situations ) for  foreign income that is taxed by another / foreign taxing authority.  Thus you report  your  UK rental situation  (  gross income, expenses, mortgage interest, property taxes,  management fees etc and depreciation ) on schedule-E.  And  if you pay any taxes  to the UK  on the income ( i.e. an income tax  based on the net income per UK   rules and laws ), then you file a form 1116 to  ameliorate  the effects of double taxation.  You have to tell TurboTax that the property is abroad and it  will then work out the  depreciation for you.  Should not be an issue.

 

If you need more help on this  you can ask now or come back when you are  ready to file  in 2020 -- one of us will help you through  -- you can even ask  by addressing the post to one of us .

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