I'm a Spanish citizen who moved to US two years ago. I own an apartment in Spain that I rent through AirBnB.
Last year I hired an accountant specialised in US/Spain taxation and he did a decent job but basically my return was eaten up by his fee (iirc ~$700). This year I'm wondering if going DYI is realistic and not extremely painful since I'd be able to save a decent amount. I also like to learn new things and am good at computing.
Wondering if TurboTax supports foreign rental income? In my situation any income or spending on rental is 50% of its total value since ownership is split. We have other accountants in Spain that take care of that side. Another tax complication is that I signed up to ESPP this year and did two stock sales through that.
I'm also open to other options e.g. FreeTaxUsa. Wondering what folks on a similar situation do?
Last year I hired an accountant specialised in US/Spain taxation and he did a decent job but basically my return was eaten up by his fee (iirc ~$700). This year I'm wondering if going DYI is realistic and not extremely painful since I'd be able to save a decent amount. I also like to learn new things and am good at computing.
Wondering if TurboTax supports foreign rental income? In my situation any income or spending on rental is 50% of its total value since ownership is split. We have other accountants in Spain that take care of that side. Another tax complication is that I signed up to ESPP this year and did two stock sales through that.
I'm also open to other options e.g. FreeTaxUsa. Wondering what folks on a similar situation do?
Statistics: Posted by fastest_raccoon — Wed Nov 27, 2024 7:53 am — Replies 0 — Views 25