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flights and car hire.

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Started 12 years ago by vxAnNqwbBg
Latest reply from rvvs2qh71

vxAnNqwbBg
Member
US Non-Resident Tax Compliance
 the United States real estate network 
US Income Tax Return
 
All property owners, residing offshore, who receive income from their rental homes, where IRS withholding has not been applied, must file a US income tax return. The US tax year runs January to December and returns are due by June 15th annually. Expenses are offset against the rental income and any losses carried forward year on year until the eventual sale of the property when losses may be used to minimize any capital gain on the property. Deductions include advertising, cleaning & amp; maintenance, commissions, insurance, accounting & legal fees, management fees, mortgage interest, repairs & supplies, property and tangible personal property taxes, utilities, flights and car hire.
Individual Taxpayer Identification Number (ITIN) 
 
All owners of US rental property, not resident in the US, must have an ITIN.
Tangible Personal Property Tax Return
 

Posted 12 years ago #
rvvs2qh71
Member
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Posted 12 years ago #

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