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Forum: USA

Jul 15th 2018, 6:11 pm

Replies: 6

Rental income deductions vs standard deductions

Views: 706

Posted By expatDC

Re: Rental income deductions vs standard deductions

Sorry I have answered my own question but may be helpful for others moving to the US and renting out their home!

If you are deducting interest on the mortgage of the home you live in, you lose...

Forum: USA

Jul 15th 2018, 5:54 pm

Replies: 6

Rental income deductions vs standard deductions

Views: 706

Posted By expatDC

Re: Rental income deductions vs standard deductions

I won't be taking the foreign income exclusion when I live in the US, because I will have a US salary at that point. I also won't be paying any taxes in the UK on my rental income because I actually...

Forum: USA

Jul 15th 2018, 3:12 pm

Replies: 6

Rental income deductions vs standard deductions

Views: 706

Posted By expatDC

Re: Rental income deductions vs standard deductions

So if I have 20k rental income, 10k of mortgage interest payments and another 10k of depreciation I can fully offset my UK rental income. But doesn't that mean I then lose my standard deduction? If...

Forum: USA

Jul 15th 2018, 1:38 pm

Replies: 6

Rental income deductions vs standard deductions

Views: 706

Posted By expatDC

Rental income deductions vs standard deductions

Hello,
Myself (USC) and wife (green card) will be relocating to US and renting out our london flat. We will not have to pay taxes in the UK as our tax free allowance will cover most of our rental...

Forum: Marriage Based Visas

Oct 7th 2017, 8:59 am

Replies: 3

form i-864 income and assets

Views: 594

Posted By expatDC

form i-864 income and assets

Hello,
Just filling in form i-864 ahead of the green card interview.

I am a USC and my wife is british but we are both working in the UK at present so will be using assets to cover the poverty...

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