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Investors & landlords
Based on the information you provided, it does not appear you need to file Form 8858. This form is required for U.S. persons who own a Foreign Disregarded Entity (FDE) or operate a Foreign Branch (FB) directly or indirectly
- Since your rental property is in your name and you haven't set up a foreign business or LLC, you don't meet the criteria for filing Form 8858.
- To file Form 8858, you would need to own a Foreign Disregarded Entity (FDE), which is an entity not created or organized in the United States and is disregarded as separate from its owner for U.S. income tax purposes.
- However, you do need to file:
- Form 1040: Report your rental income on Schedule E, including income, expenses, and depreciation
- FBAR (Foreign Bank Account Report): If you have foreign bank accounts with more than $10,000 at any point during the year
March 24, 2025
8:06 PM