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jnicole455
Level 2
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  • Thank you. Am I able to write off any of the mortgage interest or anything else related to the property costs if it is a foreign property?
    jnicole455
    Updated Oct 30, 2024
  • If the foreign income is taxable in the foreign country do we then file that as foreign income on our US LLC? And would the travel costs and furnishing costs et...
    jnicole455
    Updated Oct 30, 2024
  • Since it is a foreign property we will have to travel there from time to time as well. We also need to furnish the property. So can we write off furnishing cost...
    jnicole455
    Updated Oct 30, 2024
  • Yes, we will operate it as a vacation rental and provide cleaning services. No meals.
    jnicole455
    2
    Updated Oct 30, 2024
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