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April 23, 2024
Question

Are timeshare rentals in Mexico taxable income

  • April 23, 2024
  • 2 replies
  • 0 views

I have a timeshare in Mexico.  Am I required to report rental income to IRS?

2 replies

DoninGA
Employee
April 23, 2024

If you are a US citizen or legal US resident then you have to report your worldwide income from all sources on the US federal tax return.

April 23, 2024

Yes.  If you are a US Citizen or Resident, then you would need to report income from all sources worldwide.  

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