I appresiate your help.
one last question:
The year when I purchase house/appartment outside of USA for personal use do I have to report it in my tax return for that year ? Is there any requirement to report it. Just for report that I have it!! I understand from your answer that there is no tax for personal usage.
Im asking because in the future I may rent it and it should appear in my taxes in future as income. How IRS will react in the future if i decide to rent it.
possible scenario: purchase in 2021for personal use. report required or not for IRS, just report for having it.
2024 decided to rent it. have to report income yes.
