Re: Do we report rental on a foreign property as income on the us tax return? I understand that we do but client insist he is NOT required?

providencetaxpre · ‎03-01-2023

Below is an article I read about the subject. This the reason I am second guessing myself.

Do I have to report foreign rental property to IRS?

Does foreign real estate need to be reported on Form 8938? Foreign real estate is not a specified foreign financial asset required to be reported on Form 8938. For example, a personal residence or a rental property does not have to be reported.

I did see the worldwide income article, as well.