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Level 1

Question

International property

Forum|Forum|4 years ago
January 26, 2022
1 reply
17 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?

Level 15

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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