pk
Level 15
Level 15

Deductions & credits

Each is a separate asset , eligible for depreciation, income and disposition. You have  to report these separate.  I am assuming that you are a citizen/ resident or resident for tax purposes and that you are also filing Schedule-E  covering the rental income and expenses associated with each of the none properties. The only difference between props . here  on  US   and  foreign land is that the depreciation for foreign properties is like  commercial properties  -- 40 year life.

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