Feature Article
Tax Reporting for Foreign Real Property Rentals
This article addresses the reporting of foreign real property rental activities conducted directly by individuals who are United States citizens or subject to United States taxation as resident aliens. The discussion focuses on foreign currency... Patrick D. Dimmitt, EA
July/Aug 2021,
Feature Article,
FinCEN,
international,
Form 114,
foreign currency,
qualified business unit,
QBU,
§987,
property rental,
owner functional currency net value,
OFCNV,
§988,
modified accelerated cost recovery system,
MACRS,
Form 8858,
Form 8938