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Investors & landlords
Thank you for your reply.
I directly own the foreign rental property.
I don't have a foreign bank account so I pay foreign management company service fees to manage and collect the rental income on my behalf. The foreign management company then sends the rental income to my US bank account.
I have heard about the recent changes in 2018 that expanded the filing requirement for 8858, by making just "owing a foreign rental property" count towards owing a "Foreign Branches," but I wasn't sure.
‎October 8, 2024
1:20 PM