@Carl thx for the detailed answer.
As I initially mentioned - no doubt that it should be reportable.
About years - I heard that non-residential foreign property deprecation time 40 years. And residential - yes, 30.
Here I have a few questions if you don't mind:
1) how the price estimation of foreign property should be done properly? It's good if the property purchased. Then the price for deprecation is obvious. But if the property was bought on the initial building stage. Then renovation was paid. So after building went into live + renovation expenses, the price jumped up for some value.
I know the simple option of such estimation - order paid appraiser service. These guys do their estimation like in case of selling property. But this document issued under foreign country law and valid for a limited time - like 1 month. And I don't know whether this document workable in the case of US taxation. As usually, such prices close by value to the market price for similar apartments in the same areas.
2) What about other cases, like resident aliens? I am just trying to understand where tax treaty losing effect in the scope of "taxation in a foreign country only".
I found here https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-have-rent-income-in-germany-wh...
Another suggestion related to Germany. So before I met this discussion thread I thought that such property income for the US residents should be reported but not taxed in the US.
India and German tax treaties almost the same. Difference between these two threads - US citizens vs resident aliens.
Any thoughts? Thx a lot.
