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anud2017
New Member

For foreign rental income what does the question mean - Is your property in any of these designated areas?

I am confused with the first choice -
Assets for this property are located outside of United States or US possessions
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Accepted Solutions
Anita01
New Member

For foreign rental income what does the question mean - Is your property in any of these designated areas?

It means the property and/or land is physically located anywhere outside of the US or US possessions (such as Guam, Puerto Rico, etc... ) This question is asked because depreciable foreign assets are depreciated at a different rate then US assets

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2 Replies
Anita01
New Member

For foreign rental income what does the question mean - Is your property in any of these designated areas?

It means the property and/or land is physically located anywhere outside of the US or US possessions (such as Guam, Puerto Rico, etc... ) This question is asked because depreciable foreign assets are depreciated at a different rate then US assets

anud2017
New Member

For foreign rental income what does the question mean - Is your property in any of these designated areas?

So for foreign property I need to select this choice always. Thanks

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