Colombian taxpayer in Miami reviewing rental property income, Schedule E, depreciation, foreign tax credits, FBAR, Form 8938, and IRS transcript records.

Reporting Colombian Rental Property on a U.S. Tax Return

Leave a Comment / 2. Expat Taxes - Americans Abroad, Form 1116 - Foreign Tax Credit / By Edward Parsons, CPA

You live in Miami, but you own property in Colombia. Maybe it is an apartment in Medellín, Bogotá, Cali, Cartagena, Barranquilla, or another Colombian city. Maybe family helps manage it. Maybe tenants deposit rent into a Colombian bank account. Maybe you report something to DIAN. Maybe you paid Colombian property taxes, administration fees, repairs, or […]

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Foreign Tax Credit Mistakes for Colombian Taxes Paid

You paid taxes in Colombia. Maybe DIAN withheld tax. Maybe you paid Colombian tax on rental income, pension income, dividends, interest, business income, or the sale of property. Then you filed a U.S. tax return in Miami and assumed the U.S. side was handled. But now you are wondering: Did my U.S. return correctly use

Form 1116 – Foreign Tax Credit

Reporting Colombian Rental Property on a U.S. Tax Return

Foreign Tax Credit Mistakes for Colombian Taxes Paid