You'll need to sign in or create an account to connect with an expert.
If you're a US citizen, then your worldwide income is taxable on your US tax return. But you can generally use the Foreign Tax Credit to get a credit for the foreign taxes you paid.
Foreign rentals still go on your Schedule E. They are depreciated over 30 years instead of 27.5 (assuming it's not a short-term rental). You may have a requirement to file a form 8858, and there are other requirements if you have a foreign bank account.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
QueenFlappy
Returning Member
user17650560594
New Member
tonybeo
Level 3
madcapsel
Level 1
pcostoff
New Member