Welcome Guest. Register Now!  



Reply
 
LinkBack Thread Tools Search this Thread Display Modes
  #1 (permalink)  
Old 08-30-2010, 04:18 AM
Junior Member
 
Join Date: Aug 2010
Posts: 1
Overseas Rental Loss

Hi everyone,

We purchased an overseas rental property in 2008. The property is generating a loss.

When we filed our 2008 tax returns, we did not incorporate the overseas rental loss into our returns. We owed taxes for 2008 and paid it when we filed our returns.

Are we able to go back to amend the 2008 return and have the overseas rental loss offset our 2008 income and obtain a refund?

Thanks very much for any info.



Digg this Post!Add Post to del.icio.usBookmark Post in TechnoratiFurl this Post!Reddit! stumble!bookmark in google!Share on Facebook!
Reply With Quote
Ads
Reply


Thread Tools Search this Thread
Search this Thread:

Advanced Search
Display Modes

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

vB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are Off
Pingbacks are Off
Refbacks are Off


Similar Threads
Thread Thread Starter Forum Replies Last Post
Tax exemption for working overseas, but now laid off. PLEASE HELP Bigjakesrq Income 1 11-12-2010 09:21 PM
Working Overseas firstbychoice Filing Requirements 0 04-22-2010 04:18 AM
How does a taxpayer report a loss on sale of a rental property on their tax return? TaxGuru Rental Real-Estate 0 09-15-2009 01:33 AM
Prior year carry over loss for Rental Real Estate jbbryant Rental Real-Estate 1 02-06-2009 09:17 PM
Can I receive my social security benefits overseas? raalley Social Security 1 04-07-2008 12:03 AM

Follow us on Facebook Follow us on Twitter Google Buzz Rss Feeds

» Categories
 
Individual
 » Income
 » IRA/Sep
 » Medical
 
Corporations
 » Payroll
 
Forum for CPAs
 
Financial Planning