We are purchasing a home in Portugal this year as a second home. We know that there will be more than 10K in our new, PT, bank account at some point during the transactions so realize that we will need to file an FBAR for this tax year. It is worth noting that the home will not be rented and therefore will not generate any foreign income for declaration or taxation by the foreign government.
What other information will we need to gather and have available for reporting for 2024?
Does TurboTax help with this type of situation or will we need assistance from someone who has experience filing US taxes for a foreign, second home purchase.
