Skip to main content
TurboTax
Community
TurboTax
Community
TurboTax
Community
R
rbyrne303
January 27, 2023
Question

International

  • January 27, 2023
  • 1 reply
  • 0 views

I just bought a rental property in Italy in 2022. What do I have to tell the IRS?

1 reply

M
mglauner
January 27, 2023

You can report your Rental Income and Expenses on your return in the Rental section, under Wages & Income.  TurboTax will ask where the property is located, and you can indicate that it is a foreign rental.

 

Here's more info on Reporting Foreign Rental Income and also on Depreciation of Foreign Rental Property. 

 

 

    TurboTax Sign In Widget
    TurboTax flag icon

    Unlock tailored help options in your account

    Create an account
    TurboTax Expert Assist
    TurboTax Expert

    Get answers to all your tax questions

    Our experts are available on-demand, no appointment needed. Get help all year long with TurboTax Expert Assist.

    Terms & ConditionsAccessibility statement
    Intuit
    TurboTax Credit Karma QuickBooks MailChimp

    ©1997-2022 Intuit, Inc. All rights reserved.
    Intuit, QuickBooks, QB, TurboTax, ProConnect, and Mint are registered trademarks
    of Intuit Inc. Terms and conditions, features, support, pricing, and service options
    subject to change without notice.

    Security Certification of the TurboTax Online application has been performed by
    C-Level Security.

    By accessing and using this page you agree to the Terms of Use.

    Accessibility

    TRUSTe nResult Certified e-File C-Level Security Certification