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Investors & landlords
It would go in the Rental Section, just like any other rental. The only difference is that because it is outside the US, you're required to depreciate the cost over 40 years.
- Search for rental expenses and then click the "Jump to" link in the search result.
- Answer Yes to the question Did you have any rental or royalty income and expenses?
- Follow the on-screen instructions as you proceed through the rental and royalties section.
- We'll first ask you to enter general information about your rental (description, address, ownership percentage, etc.)
- Eventually, you'll come to the Rental Summary screen which is where you enter your:
- Rental income
- Rental expenses
- Capital assets and depreciation
- Vehicle expenses
May 31, 2019
11:38 PM