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April 18, 2022
Question

I am a dual british/american resident. we own a rental property in the uk, this is reported and taxed in the uk. where do i report this property on my usa tax return?

  • April 18, 2022
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April 19, 2022

Enter your rental property in Rentals, Royalties, and Farm in Income & Expenses

  1. Type rental property in Search in the top right
  2. Select Jump to rental property

Convert all your amounts to USD.

 

Depreciation is handled differently. See I have a rental property in a foreign country. How do I fill section E "Depreciation expense or depletion"? And how do I calculate it?

 

You can claim a credit for UK tax.

Where do I enter the foreign tax credit (Form 1116) or deduction?

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