Hi,
I have a property which is being rented out in Europe. After getting all the rental income and related costs into TurboTax, it turns out to be a loss of about $5000. At the same time, I'm paying tax for the rental income in the foreign country where the property is located. Is there any way to offset my loss in TT in the US? How can I get foreign credit for the tax I'm paying in the foreign country?
Thanks!
