You need to report the rental income and expenses in TurboTax like you normally would, in the Rental, Royalties, and Farm section. Then, go to the Deductions and Credits section and look for Foreign Tax Credit under the Estimates and Other Taxes Paid section to enter your foreign taxes paid. You may get a credit for your foreign taxes.
You need to convert your income and expenses paid in Brazilian currency to US dollars. You should use an average of the exchange rate conversion factor for the period of time you had the property rented.
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