Can I show the foreign country income from 9 flats as one single source or do I need to show it as from 9 different sources?

[easytrak2002]

I have 9 flats in a residential building in India.  I get rental income from these 9 flats. I paid property tax separately for each flat. Can I show the foreign country income from 9 flats as one single source or do I need to show it as from 9 different sources?  Which way is recommended and beneficial for me?

[pk · Accepted solution]

Each is a separate asset , eligible for depreciation, income and disposition. You have  to report these separate.  I am assuming that you are a citizen/ resident or resident for tax purposes and that you are also filing Schedule-E  covering the rental income and expenses associated with each of the none properties. The only difference between props . here  on  US   and  foreign land is that the depreciation for foreign properties is like  commercial properties  -- 40 year life.

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