US Tax issues
I thought I'd start a new thread on tax, it crops up on a few different threads.
I have a couple of properties in New York State. As I have only owned them part of the year and as I share them with my partner, we have not earnt over $8750 each then we do not need to file a US Federal tax return.
There is also a NYS tax return, again as we have not earnt over $7500 each, we do not need to file a return this year (Year ending December).
Is this correct? Or is there a point in filing ? for example
* as this is the year I purchased the properties are there any purchase specific deductions that I should be making that can then be carried forward to next FY? (as there is for UK property tax)
* If the agent had witheld rent in lieu of an ITIN would I file to reclaim that tax?
Apart from the above question I would be interested to hear from any UK citizen/resident who has filed Tax Returns, got an ITIN or has used an Accountant.
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