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Level 1

Question

International property

1 reply
19 views

We are thinking of investing in foreign property.

1. Do we report it?

2. Where to report it?

3. It is a vacation rental but if we want to keep it as air BNB how to report the income?

Alumni - Intuit

Buying and owning foreign property does not have to be reported on your tax return (unlike a foreign bank account which does have to be reported). However any and all income earned from any source does have to be reported on your tax return so if you start making money on your foreign property then you need to report it. Here's how to do that in TurboTax.

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