For tax purposes, a green card holder, even if living overseas, is considered a resident of the U.S.
A green card holder who meets the tax filing threshold is required to file a tax return on her worldwide income regardless of the source of such income unless the individual’s residency status is affected by tax treaty.
The rental income must be included in the U.S. tax return on Schedule E.For U.S. tax purposes.
Generally, all of the same US tax rules apply to outside the country real estate that apply to inside the U.S. properties.[expenses include mortgage interest , real estate taxes include any state, local, or foreign taxes on real property levied for the general public welfare.]
Property located outside the country, you're required to depreciate the cost over 40 years.[separate land value ,land is not depreciated]
You need to use the exchange rate in effect at the time when you actually or constructively received the rental income.
Rental Property Income and Expenses
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