International Short-term Rental

[Alagi Faye]

I plan to acquire an STR property in West Africa. Will this property qualify for all the tax benefits of STR? What documentation will I need to provide to the IRS in the event there are any audits?

[Ashish Acharya]

@Alagi Faye Your STR property in West Africa can qualify for U.S. tax benefits, including depreciation (over 40 years- but not bonus depreciation that comes with cost seg) and expense deductions. You may also claim a foreign tax credit if you pay local taxes on the rental income.