I own a foreign rental property that operates at a loss. Do I have to report this on my U.S. tax return?

Yes, you will most likely need to include Schedule E with your tax return if you’ve received rental income, even if there is a net loss. Losses from rental properties may help reduce your overall tax liability and must be claimed on your tax return.

All About Randall Brody
Randall is the Founder of Tax Samaritan, a boutique firm specializing in the preparation of taxes and the resolution of tax problems for Americans living abroad, as well as the other unique tax issues that apply to taxpayers. Here, they help taxpayers save money on their tax returns.

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