I submitted tax return
as a US
for the first time, but I forgot to report rental income
from Greece. This rental income was never transferred to the US, and it is actually used by my parents. It is being reported in Greece, and I paid taxes for it in Greece for the tax year 2015. I want to amend my US tax return (I think it is needed), to report that income, but I am not sure what to do: I read the US-Greece tax treaty regarding rental income and it seems to me I can claim the tax treaty (Article VIII), so that I can avoid double taxation
. I used turbo tax
to file my taxes, and it would be great if I could use turbo tax again to amend it (even though I know I might not be able to efile the amendment). From online search, I found this to be relevant:
Even though, the above link is related to "US-Germany tax treaty", it seems that a similar provision exists in the "US-Greece tax treaty". I would like a verification if my understanding is correct.
And if I am correct, where do I report this positive and negative income in turbo tax?
Do I add it in the "Other reportable income" section in TT, and add my own description: One entry with the positive income explaining it is from a rental in Greece, and one entry with the negative income explaining that I am using the US-Greece tax treaty?
Or, do I add the positive income in "Rental properties
and Royalties (Sched E)", and the negative in the "other reportable income" as described above?
In either option, I will need to fill an 8833 Form
Thanks a lot for your help!