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erdinch
March 16, 2025
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Can Foreign Rental Income and Property Taxes be reported both On Sch E and F 1116?

  • March 16, 2025
  • 1 reply
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Hello,

I have a rental property outside USA. Can I report the rental income taxes I pay both on Sch. E and Form 1116 in my 2024 tax return?

Many thanks

Erdinch

    Best answer by DavidD66

    No.  You do not report the income tax you paid on foreign rental income on Schedule E.  It is income tax, not a rental expense.  You do report it on Form 1116 to claim a foreign tax credit. 

    1 reply

    D
    DavidD66Answer
    March 16, 2025

    No.  You do not report the income tax you paid on foreign rental income on Schedule E.  It is income tax, not a rental expense.  You do report it on Form 1116 to claim a foreign tax credit. 

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      E
      erdinchAuthor
      March 17, 2025

      DavidD66,

      Many thanks for your immediate reply; appreciate it.

      Rental income tax situation is clear.

      How about property taxes I have paid? Can I report them on either Sch E and/or on F 1116?

      SusanY1
      SusanY1
      March 17, 2025

      Yes, you can report the foreign property taxes on Schedule E in the section for taxes paid.  Property taxes paid are a rental expense.  

      **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
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