U.S. residents with rental property in India must file Indian returns when due, report the rent on U.S. Form 1040/Schedule…
Simply owning Indian property does not trigger U.S. taxes if there’s no rent or sale. Reporting obligations focus on rental…
An NRI-owned home in India used rent-free by parents generally creates no U.S. tax or property reporting. The main obligation…
Selling property in India triggers Indian capital gains rules (24-month threshold with indexation) and U.S. taxation in USD using historical…
Report Indian NRE and NRO interest on your U.S. tax return because the IRS taxes worldwide income. Claim Form 1116…
Renouncing U.S. residence can trigger the Expatriation Tax if you meet Covered Expatriate tests: $2 million net worth, five-year average…
Choose FEIE (Form 2555) to exclude qualifying foreign salary up to about $126,500 (2025) if you meet residency tests, or…
Report worldwide income on Form 1040. Use FEIE (up to $130,000 in 2025) for qualifying earned salary; use Form 1116…
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