Expat Community > Italy

traceyspada
Joined 2017
Posts: 40

Income from rentals in US while residing in Italy

9 years ago

My husband is an Italian citizen with dual citizenship here in USA. I have a USA passport and a UK passport. We were married in the USA and have lived here for over 15 years. We are in our mid 40's and would like to move back to Italy. We would like to live off the income from some rentals we have in USA. Does anyone know if the deductions and any contributions we make to our IRA/SEP accounts will help us lower our tax base in Italy? E.G. Do we file our taxes in USA and the profit after deductions is then taxed in Italy, or is this incorrect? It always seems so difficult, but so many people move to Italy and manage there has got to be a way to do it without breaking the bank?

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