foreign rental income

[Michael Sean]

Is claiming foreign rental income on taxes much different than rental income domestically in the US? I couldn't find much about the topic on biggerpockets.

I spoke with a CPA at a firm with a good reputation who was not knowledgeable in this area. 

Should I be looking for a REI tax preparer/cpa that states on their website they have experience with this?

Any recommendations for CPAs in southern california who would know the ins and outs of this? Thanks

[Christopher Smith]

Typically you will report it just like any other reportable income. Certain deductions (e.g., tax depreciation) may be calculated differently so you'll need to know those rules. You'll also need to determine how any foreign taxes paid are to be treated (e.g., credit or deduction).

If you feel you can't handle these tax aspects of foreign rental income reporting yourself, then find a preparer who has experience in this area. This is pretty basic international tax work, so it shouldn't be that hard to find someone who can handle it.