Hi, I am a resident alien for the last 3yrs and I have a foreign property (own house - single family home, not an apartment) in which my parents have been living for the last 10yrs or so (renting). That's my second home as primary is in US and has no mortgage. I missed filing/declaring that foreign prop and claiming income & depreciation in the last 3yrs since I got the green card. I planning to streamline it going forward.
Given this situation, my questions are -
- How do I start it now and cover the last 3yrs? what all info is required ? Or can I only do last year ?
- In which section of IRS would I file it in Turbo tax? What additional forms are needed to submitted ?
- Are there any proofs to be submitted like monthly rental income receipts (or bank statements) with tax filing ?
- Do I have to notarize any of those proofs before submitting ?
- Does Turbo tax Premier suffice to do this ?
Appreciate some guidance on this..
