`
cancel
Showing results for 
Search instead for 
Did you mean: 
Highlighted
New Member

I've inherited a house in the Netherlands which I'm going to rent out. I would like to put it under my business. Is this possible and how do I do it if I can?

 
1 Reply
Highlighted
Level 8

I've inherited a house in the Netherlands which I'm going to rent out. I would like to put it under my business. Is this possible and how do I do it if I can?

What kind of business? Self-employed, LLC, Corporation?

 

You can do the property is owned by a business entity (LLC, Corporation). If you own it in your own name you can't do that. You need to report it as Schedule E as a rental.

 

There are a number of things to deal with for foreign rentals. There are a number of ex pat web sites that have info on this. Here is one such link:

 

https://www.greenbacktaxservices.com/blog/report-rental-income-foreign-property/

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"