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?
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.
If you have more on this consider commenting
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.
If you have more on this consider commenting