My tax accountant just told me that the question on the tax form " do You own a foreign Property" does not apply to a me since my property in the U.S. in primarily use as a vacation home and does not earn any income whatsoever. Is he right?
david ingram replies:
He is correct. If you are not renting it out, it is not reportable.
CEN-TA Cross Border Services - Tax, Visas, Immigration