Tax Question

Amanda1945
Level 1
Cambridge, MA

Tax Question

I am a new host and just beginning my journey using Air B and B. I own and starting to rent a condo in another country but I’m from the US. The payouts are going to my US bank account.  Do I need to pay taxes in the foreign country as well and the US.? When I signed up I added my US tax info. I am a US citizen, but not a resident in the foreign country. I do have a foreign tax ID number.  I guess what I’m saying here is that I’m completely confused about taxes and how much will owe and who I’m going to pay.   Thanks for any and all advice. 

1 Reply 1
Mike-And-Jane0
Top Contributor
England, United Kingdom

@Amanda1945 As a US citizen you will pay tax in the USA as well as the country the listing is in. IF there is a dual tax treaty between the listing country and the USA then you should get a tax credit in one of the countries.