topic property rental - Passive category income or General category income ? in Deductions & credits

property rental - Passive category income or General category income ?

speedy7660 — Thu, 25 Mar 2021 16:04:25 GMT

Should I enter the foreign tax paid for property rental under Passive category income or General category income?

JeffreyR77 — Thu, 25 Mar 2021 18:37:47 GMT

Property rental is classified as Passive income. The foreign tax paid should be Passive category income.

Carl — Thu, 25 Mar 2021 18:51:13 GMT

In a nutshell:

- All income received for rental property for any reason from any source is passive income.

- All expenses paid to any source for any reason pertaining to rental property are passive expenses.