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raymil114
New Member

Is US rental income eligible for the foreign earned income exclusion or the foreign tax credit if we are living overseas and that US income is taxed in both countries?

 
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2 Replies
MinhT1
Expert Alumni

Is US rental income eligible for the foreign earned income exclusion or the foreign tax credit if we are living overseas and that US income is taxed in both countries?

On your US tax return, US rental income is not foreign income and as such is not eligible for the foreign earned income exclusion or foreign tax credit.

 

For your foreign tax return, you need to consult a local tax professional.

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Anonymous
Not applicable

Is US rental income eligible for the foreign earned income exclusion or the foreign tax credit if we are living overseas and that US income is taxed in both countries?

i disagree in part.  no foreign earned income exclusion for rental since it is not earned income. but if he paid both foreign and US taxes on rental income, that should qualify him for FTC on the rental.  However, the amount may be very limited due to foreign income exclusion

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