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Say I own a couple of units in an apartment complex in India and they were purchased in part by using inheritance (property) and in part by cash (funds from US).

If the units are currently rented out and the annual income from renting is Indian Rupees 150,000 per annum (equivalent to about $3000), do I need to declare this rental income while filing US Federal Taxes (as a US citizen)?

Thanks in advance.

Happy Gnome

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Yes, you do. As a US citizen, you're required to declare and pay taxes on all of your income, regardless of what country the property is located in.

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  • Thanks! Do you have IRS references (like a web page) for more information? For example, how/where do I declare the additional income?
    – Happy Gnome
    Commented Dec 7, 2015 at 0:47
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    @HappyGnome Read the instructions to form 1040, and specifically its Schedule E.
    – littleadv
    Commented Dec 7, 2015 at 4:14

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