I earn rental income from my condo in Florida. Do I have to file a US tax return?
Tax Professional Answers
I would add that rentals often generate losses. These losses are often non-deductible. And the non-deductible loss can not be tracked unless the return is filed. The important point to this comment is that when the property is sold, the losses are freed up and can be used against the gain on the sale.
So file a US return....
Chuck Heyde, CPA, CGMA
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