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October 11, 2024
Question

How do I file for taxes on a rental property in a foreign country? I have been taxed there already

  • October 11, 2024
  • 2 replies
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2 replies

Employee
October 11, 2024
No text available
October 11, 2024

If you're a US citizen, then your worldwide income is taxable on your US tax return.  But you can generally use the Foreign Tax Credit to get a credit for the foreign taxes you paid.

 

Foreign rentals still go on your Schedule E.  They are depreciated over 30 years instead of 27.5 (assuming it's not a short-term rental).  You may have a requirement to file a form 8858, and there are other requirements if you have a foreign bank account.