Tax question- US-EU

[Karmen41]

I am a US tax resident and I will be renting on Airbnb a second home in France. For France this is considered income and I need to file French income tax and after that I will file US tax with foreign income and because of US and France threaty paid amount will be considered. Airbnb is issuing me 1099, that is wrong, that is considered US income and with 1099, I will have to pay French and US income tax, but that is not the case, France and US have tax threathy and I need to pay just the difference. I saw a similar post about a property in Finland. I assume there are similar cases. Can you help me? How did you resolve them?

[Elisa]

Hi @Karmen41 😊, 

Thank you for asking this here!

Have you found out anything in the meantime?

@Joelle43 , do you have any idea about this?

[Lorna170 · Accepted solution]

@Karmen41   You need to sit down with a good CPA and review the rules and associated documentation.  

Ask your CPA about the Foreign Tax Credit.

[Joelle43]

Hello @Karmen41 

@Elisa tagged me regarding your post and ss a host in France, I have knowledge of the French rental system but not of the bilateral tax agreements between France and the US I'm afraid.  I agree with @Lorna170 that a CPA is the answer to be sure that no mistakes are made.

[Elisa]

Hi @Joelle43 and @Lorna170 😊,

Thank you so much for helping our host.

I wish you a lovely day!

@Karmen41, don’t hesitate to let me know if you need more help with this.