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Deductions & credits
@Fisher97 wrote:For a foreign rental property,
- Interest on loans
I highly recommend going to a tax professional that is experienced with foreign taxation, including "Section 988" gains and losses.
In short, the loan on the rental can create additional gains or loss and it can be complicated. I am almost certain that TurboTax does not assist you with that.
‎December 16, 2024
3:27 PM