Rental Income form overseas - Spidell

Rental Income form overseas

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Message Board Rental Income form overseas

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    • #216374
      Anonymous
      Member

      Hi Lynn,

      I have a question about the rental income from oversears:

      1. Will we file the Sche E with address in oversears?
      2. Is this the rental income from oversears qualify for QBI?

      Thanks

       

    • #216412
      Anonymous

      I have clients with rental properties overseas

      i always reported the income and expenses on schedule e

      since, in past, they were subject to worldwide income.

      I also depreciated improvements

      as far as 199A; don’t know from top of my head

       

    • #216513
      Anonymous

      Hi Lynn,

      Thanks for your email message.

      I mean the Wordwide income is qualify for QBI ?

      Thanks

       

       

       

    • #216523
      Steven Yukelson
      Participant

      IRC §199A(c)(3) states, in part, that QBI must be effectively connected with the conduct of a trade or business within the United States.

    • #216587
      Anonymous

      Thank you so much.

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