Have a Tax Question? Ask a Tax Expert
As a US permanent resident you are to report your Worldwide income. This includes foreign rental.
You are not exempt from taxation. So there is no rule for you to claim.
You need to complete a US 1040 form and on that form show all your income. You will need a Schedule E for the rental income.
The depreciable building portion of your tax basis in the property must be depreciated over a 40 year straight line period. Land cost is not depreciable.
The fact the property does not produce a profit does not exempt you from putting it on your US tax return. You can offset any foreign income taxes paid on rental profits against your US tax on that same taxable amount. This is shown on Form 1116.
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No, your return is needed.
If your income was $3950 in 2014, your daughter will need to amend her return and remove you as a dependent. That amount is the limit you could have made and your daughter be allowed legally to claim you.
Until you complete that 2014 return (that shows all your income) and see what your true US taxable income was you should not send anything.
The 2014 return is not going to be difficult to complete. It should not take a tax professional much time at all then you will know if your daughter was legally allowed to claim you, and send your copy of the return to UCIS.
Yes. If it turns out that your income does not prevent your daughter from claiming you, it will be marked on your return that you were claimed. UCIS will see that when you give them a copy.
If she could not then she will need to amend and correct her filing.
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