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    tdalmazio's Avatar
    tdalmazio Posts: 1, Reputation: 1
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    #1

    Feb 8, 2010, 09:07 AM
    US Tax on Rental Income from Italy
    Hi,

    I am a US Resident Alien and have an apartment in Rome, Italy, which I rent out. I file an italian tax return and pay taxes on the rental income. Do I need to declare that income to the IRS on my 1040?
    MukatA's Avatar
    MukatA Posts: 7,110, Reputation: 176
    Tax Expert
    		  
    #2

    Feb 9, 2010, 12:51 AM

    Yes, you need to file schedule E (Form 1040). Also file Form 1116 to claim Foreign Tax Credit.
    Another filing requirement may be Form TD F 90-22.1. Your U.S. Tax Return: U.S. Citizen or Resident with Foreign Income
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