turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
turbotax icon
turbotax icon
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

Foreign Real Estate Purchase

Good day friends,

I am thinking of investing in an apartment in Dubai, UAE.
Will purchase of this apartment result in a taxation event under US Income Tax?

If yes, does Turbo Tax allow for the reporting of such foreign real estate purchases?

Your help in getting this clarified is very much appreciated.
Many thanks and regards

Sups2022

Connect with an expert
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions

Foreign Real Estate Purchase

Will purchase of this apartment result in a taxation event under US Income Tax?    NONE. 

 

Now if this will be used for business or as a rental then reporting the income/expenses will be required on a US income tax return.

View solution in original post

2 Replies

Foreign Real Estate Purchase

Will purchase of this apartment result in a taxation event under US Income Tax?    NONE. 

 

Now if this will be used for business or as a rental then reporting the income/expenses will be required on a US income tax return.

Foreign Real Estate Purchase

Thank you Critter 3

Use your Intuit Account to sign in to TurboTax.
By selecting Sign in, you agree to our Terms and acknowledge our Privacy Statement.
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question

Related Content

Manage cookies