Thank you all for your valuable responses. Take home message - to get a consultation from a tax attorney.
Just for clarification, I do not have any intent to hide my abroad income from the IRS, because I do not receive any income from that property. Person that is renting this property gets an extra income so he can have a little bit better life and in return he is taking care for my property. Once again, the main question was - since I have never received any rental income from that property in past and do not plan to receive any rental or any other income in future, do I still need to report it to IRS, because someone else is renting it and getting income? Should I report their income as mine? If so, then may be it is better to tell that person to stop renting it because I might have a potential problems with IRS in future?
