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April 10, 2025
Question

I have a rental property in India - a bank account where the rental income is deposited. I pay income taxes in India on rental income. How do I enter the taxes paid?

  • April 10, 2025
  • 1 reply
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I report the rental income in the US - how do I avoid double taxation?

    1 reply

    April 15, 2025

    The US will provide a credit for taxes paid to another country on the same income. The credit will be the lesser of:

    1. Tax paid to India; or
    2. Tax the US would charge on the same income
      1. Where do I enter the foreign tax credit (Form 1116) or deduction?
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