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Investors & landlords
You can report Rental income/expenses for a foreign property in the Rental section, under Wages & Income.
Enter property details in the Property Profile and Asset/Depreciation sections.
Here's more info on Foreign Rental Income and Depreciating Foreign Property.
You can claim a Foreign Tax Credit for tax paid on your rental income to a foreign country.
For details about claiming the credit, review this article on Claiming the Foreign Tax Credit.
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March 18, 2024
1:33 PM