DaveF1006
Employee Tax Expert

Investors & landlords

In viewing the form 1116, there is no separate entry for depreciation. In fact if you look at Part 1 line 2, all of the expenses definitely related to income are the expenses that the foreign country used to reduce the income for determining the foreign taxes you owe. If it wasn't included as an an expense, then it can't be claimed.

 

At least though, you will be able to claim it on Schedule E for US income tax purposes.

 

@john-evans2011

 

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