Taxes: Married american working full time in germany with US business

[lovingly1961]

Hello,

I'm an American working full time in germany but I also have some US based businesses (rental property) and this will be the first year i'm filing taxes as a married couple. Do any fellow Americans in a similar situation have any referrals for tax advisors? Please DM me. I will greatly appreciate it and owe you a schnitzel, bier or germknodel of your choosing. Last year I used Wundertax but it's too complicated now I think.

 

[tyler112]

@lovingly1961 Is your spouse a US citizen or green card holder? If not, file MFS.

Very roughly, if you're DE tax resident, report world income to both DE and US. Your DE employment income is sourced to DE, so claim FTC/1116 (general category) for it (or FEIE if eligible). Your rental income from US-situs real property is sourced to US, so claim FTC with DE on it.

 

[lovingly1961]

@tyler112 She is a US citizen

 

[stephendisraeli]

@lovingly1961

some US based businesses (rental property)

Are these actually corporate entities? This may get you acquainted with Germany's CFC tax provisions - or they may be considered German business entities and taxed accordingly.

 

[lovingly1961]

@stephendisraeli No.