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Investors & landlords
As a citizen or resident of the United States, all your worldwide income is subject to taxation. Therefore, it should be included in your return.
Complete the rental section (Schedule E) so that you will be able to claim all related expenses and depreciation , The property should be reported on Schedule E first and with the correct selection of answers the necessary forms are generally generate in Turbotax.
Property located outside the country, you're required to depreciate the cost over 40 years.
May 31, 2019
4:49 PM