As a general rule, a non-US person who rents out his or her US home is subject to a 30% withholding tax imposed on the gross amount of each rental payment. In this case, you are acting as a property manager, and is required to send these funds to IRS. If you keep the money, it is likely considered gifts from your parents. You are required to report the receipt of such gifts or bequests only if the aggregate amount received from that nonresident alien or foreign estate exceeds $100,000 during the taxable year.
As a general rule, a non-US person who rents out his or her US home is subject to a 30% withholding tax imposed on the gross amount of each rental payment. In this case, you are acting as a property manager, and is required to send these funds to IRS. If you keep the money, it is likely considered gifts from your parents. You are required to report the receipt of such gifts or bequests only if the aggregate amount received from that nonresident alien or foreign estate exceeds $100,000 during the taxable year. heartinny 发表于 2023-01-26 12:08
Thank you! What if the rental agreement is under my name, but the house is still owned by my parents? In that case, can I be the only one reporting rental income to IRS like other US citizens do?
我是想弄清楚这个钱到底是应该从谁的税表里交国税局才ok?
这个点子好啊,父母没身份,多买几套,中国人就是聪明啊
可是title和contract都是父母的名字,子女不是房子的owner也可以在1040里面报租金收入的税吗?
As a general rule, a non-US person who rents out his or her US home is subject to a 30% withholding tax imposed on the gross amount of each rental payment. In this case, you are acting as a property manager, and is required to send these funds to IRS. If you keep the money, it is likely considered gifts from your parents. You are required to report the receipt of such gifts or bequests only if the aggregate amount received from that nonresident alien or foreign estate exceeds $100,000 during the taxable year.
Thank you! What if the rental agreement is under my name, but the house is still owned by my parents? In that case, can I be the only one reporting rental income to IRS like other US citizens do?