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Level 4
posted Sep 3, 2024 7:54:55 PM

How complicated to do myself?

I am a residence in the U.S. I purchased a house in abroad (my country) and renting it out in 2023.  I have already filed tax return in my country with reporting those rental income.  I am wondering how complicated for this rental income to report to the IRS by using Turbo Tax software?  Does it get much complicated process? Can I apply depreciation to foreign property as well? 

Any opinion or advice are very appreciated.

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1 Replies
Level 15
Sep 4, 2024 10:08:25 AM

TurboTax can handle your scenario and you always have the option to add expert assistance.

 

See https://turbotax.intuit.com/personal-taxes/online/live/how-it-works.htm