You'll need to sign in or create an account to connect with an expert.
Foreign property taxes (taxes based on the value of real estate) are deducted in the same way that property taxes are deducted for US properties. The taxes paid must be converted to US dollars. If the property is a rental property, the property taxes are a deductible rental expense.
Foreign property taxes (taxes based on the value of real estate) are deducted in the same way that property taxes are deducted for US properties. The taxes paid must be converted to US dollars. If the property is a rental property, the property taxes are a deductible rental expense.
Still have questions?
Questions are answered within a few hours on average.
Post a Question*Must create login to post
Ask questions and learn more about your taxes and finances.
paultavi
Level 2
user17723298149
New Member
rgoutham
Level 1
czekchik
Level 1
mvalluri
Returning Member