@jtax
Yes, I have definitely seen your extensive points on this subject, along with explanations of your reasoning, which I really appreciate. You also made if very clear that that's just your opinion until someone shows you some evidence to the contrary, but that you could be wrong. I've also read several other opposing opinions with some reasoning as well, but all based on some derived logic rather than facts or evidence. There was also one person claiming his CPA also left depreciation out, but no explanation as to why was provided. Then I came across this thread and was struck by @MarilynG1 super clear answer presented as a fact that foreign rental property depreciation was to be excluded from "definitely related" expenses on form 1116 (passive category). I was just looking to understand the reasoning for this. Perhaps there's another discussion I haven't found where this is explained, in which case if anyone could point me in that direction, that'd be greatly appreciated.
It just seems almost unbelievable that a normal person would not be able to find a clear answer with a definitive justification (ideally linking it back to some IRS form or instruction) to such a simple question and a situation that millions of people must be in with foreign rentals and US tax filing obligations. TurboTax is surely of no help, but neither is the rest of the internet...everyone everywhere always talks about gross rents and all kinds of "definitely related" expenses, but always avoiding addressing whether depreciation is or is not included. I wonder why that is...seems almost suspicious. Maybe I'm not looking in the right way, or in the right places.... Any pointers would be welcomed.
