Taxes on rental property outside the US

#3 02-09-2005, 04:53 AM

duster wrote:

- quote -

> I'm a US resident alien with a property outside the US which
> is rented. The property was adquired with funds not earned
> in the US and the rent doesn't make it to the US.
> Do I have to declare the rent as income for US taxes?

Yes.

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#2 02-09-2005, 03:17 AM

"duster" <vixo7[at]yahoo.com> wrote:

- quote -

> I'm a US resident alien with a property outside the US which
> is rented. The property was adquired with funds not earned
> in the US and the rent doesn't make it to the US.
> Do I have to declare the rent as income for US taxes?

Yes.

--
David M. Woods, EA, ChFC, CLU
Woods Financial Services
Norwood, MA 02062
www.woods-financial.com

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

#1 02-09-2005, 02:58 AM

duster wrote:

- quote -

> I'm a US resident alien with a property outside the US which
> is rented. The property was adquired with funds not earned
> in the US and the rent doesn't make it to the US.
> Do I have to declare the rent as income for US taxes?

Yes. US citizens and US residents are taxed on their
worldwide income.

--
Alan
http://taxtopics.net

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

02-09-2005, 02:01 AM

"duster" <vixo7[at]yahoo.com> wrote:

- quote -

> I'm a US resident alien with a property outside the US which
> is rented. The property was adquired with funds not earned
> in the US and the rent doesn't make it to the US.
> Do I have to declare the rent as income for US taxes?

Resident aliens in the US are taxed on their worldwide
income unless there's something in a treaty between the US
and your home country that treats this income differently.
IRS Publication 519 is a starting point.

--
Phil Marti
Clarksburg, MD

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

#-1 02-07-2005, 06:16 PM

I'm a US resident alien with a property outside the US which
is rented. The property was adquired with funds not earned
in the US and the rent doesn't make it to the US.

Do I have to declare the rent as income for US taxes?

Thanks.

<< -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << ------------------------------------------------->

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