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New Member
posted Jun 3, 2019 1:43:01 PM

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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1 Best answer
New Member
Jun 3, 2019 1:43:02 PM

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

2 Replies
New Member
Jun 3, 2019 1:43:02 PM

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

New Member
Jun 3, 2019 1:43:03 PM

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