Ask an AI Accountant

A free tool by

Question
I live full-time in the US, but I have an Airbnb in France. The income from that Airbnb is automatically deposited into a French bank account. I pay property & income taxes in France on it. Do I have to pay income taxes in the US too?
AI accountant’s answer:
Yes, as a U.S. resident or citizen, you are generally required to report your worldwide income on your U.S. tax return, including income from your Airbnb property in France. However, you may be eligible for a Foreign Tax Credit (Form 1116) or a deduction for the foreign income taxes you have paid in France. This can help to alleviate potential double taxation. When you file your U.S. tax return, you will report the income and expenses from your Airbnb property on Schedule E. You may also need to file additional forms related to foreign assets or financial accounts, like FinCEN Form 114 (FBAR) or Form 8938 (FATCA), depending on your circumstances. It's essential to keep accurate records of your income and foreign taxes paid, and you might want to consult with a tax professional experienced in international taxation to ensure your reporting is done correctly.
Comment from reviewer
Michael Eaton, CPA
Not Correct.
Icon check
Looks good

Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

Find write-offs.
File taxes.

Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

Get started

Ask an AI Accountant

A free tool by

Question
This is some text inside of a div block.
AI accountant’s answer:

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Comment from reviewer
This is some text inside of a div block.

What’s a Rich Text element?

The rich text element allows you to create and format headings, paragraphs, blockquotes, images, and video all in one place instead of having to add and format them individually. Just double-click and easily create content.

Static and dynamic content editing

A rich text element can be used with static or dynamic content. For static content, just drop it into any page and begin editing. For dynamic content, add a rich text field to any collection and then connect a rich text element to that field in the settings panel. Voila!

How to customize formatting for each rich text

Headings, paragraphs, blockquotes, figures, images, and figure captions can all be styled after a class is added to the rich text element using the "When inside of" nested selector system.

Not Correct.
Icon check
Looks good

Keeper’s AI Accountant

This AI accountant is powered by GPT-4, but has up-to-date knowledge of tax law. It’s been trained on federal and state tax updates for 2023. With credentialed tax professionals fact-checking its responses, it applies IRS rules to real-world situations.

Find write-offs.
File taxes.

Keeper helps independent contractors and freelancers discover tax deductions and file taxes.

Get started