US Form 1116, Foreign Tax Credit. Foreign Rental, Do not itemize, what line do I list mortgage interest…?

One Response to “US Form 1116, Foreign Tax Credit. Foreign Rental, Do not itemize, what line do I list mortgage interest…?”

1. Jss says:

   November 14, 2010 at 2:25 am

   For rental income you will file schedule E (Form 1040). You can deduct the expenses.

   Then you will complete Form 1116 to get credit for the taxes paid in the foreign country. Read: http://taxipay.blogspot.com/2008/03/us-citizen-or-resident-with-foreign.html

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