International property: write offs, deductions, how to file
My sister and myself purchased a property in Italy last year. We plan to rent it out with a yer or two. It needs work that we plan to complete slowly. I created an EIN number last year as well. Do we file taxes together for this venture? And it will have to be separate from our own personal taxes I'd assume. What can be written off? Plane tickets? Car rental? Any utilities and connection fees for the home?
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