Do I need to file form 8858 if I directly own a foreign rental property?
Instruction says anyone who owns either Foreign Disregarded Entities (FDEs) or Foreign Branches (FBs) are required to file, but what if I just directly own a foreign rental property?
I heard that IRS recently expanded filing requirement for form 8858, which makes it even more confusing.
Is there any penalty for not filing in this case?
Any help is appreciated, thank you.
