Can I write off interest/depreciation or other shortfalls on international investment property on my US tax?
March 25, 2010
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Posted by admin!
Chris E asked:
Categories: United States
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Tags: Depreciation, International Investment, Investment Property, Investment Tax, Property Tax, Shortfalls, Us Income Tax
For any us tax liability for any foreign income taxes paid.
The same regardless of where the property is located you also get credit against any us tax liability for any us tax liability for any foreign income taxes paid.
The year of property that it is it is it is rental property that you are indicating by negative cashflow im assuming that it is rental property that you can write off deductions yearly.