How I Filed Taxes in Spain as an American | Rental Properties, VA Disability & More

Filing Taxes in Spain as an American | My First Spanish Tax Return After living in Spain for over a year, it was finally time to file my **first Spanish tax return**. As an American living in Spain, I quickly realized that the tax system is very different from what we're used to in the United States. In this video, I share my personal experience filing taxes in Spain, including: ✅ Modelo 720 (Foreign Assets Declaration) ✅ Child deductions and filing as a married couple ✅ Rental property deductions for U.S. real estate ✅ How depreciation works in Spain ✅ My 100% VA disability compensation and how my tax professional handled it ✅ Paying Hacienda (including the 60/40 payment option) ✅ Filing U.S. taxes while living abroad ✅ How the U.S.–Spain tax treaty helps reduce double taxation ⏱️ Chapters 00:00 – Intro 00:51 – File U.S or Spain first? 04:25 – Do you need to file Modelo 720? 07:07 – "Child Credit"? 08:10 – Rental Properties 11:14 – VA Compensation 13:33 – OWE money to Hacienda 15:09 – How much did I have to pay? U.S & Spain 18:10 – Final thoughts This video is based on *my personal experience* and is **not tax or legal advice**. Everyone's situation is different, so if you're living in Spain or planning to move here, be sure to consult a qualified tax professional familiar with both U.S. and Spanish tax laws. If you're an American living in Spain—or thinking about making the move—I hope this video helps make the process a little less overwhelming. 📍 About us: We’re a family of four who left the United States to start a new life in Spain 🇪🇸 On this channel, we share what it’s really like to move abroad—cost of living, daily life, travel, and everything in between. If you're planning a move to Spain and need help with VISA paperwork or residency status make sure you visit: https://hoplymove.com/en/digital-noma... Use CODE: ABELSPAIN for 20% off the initial consult CLICK HERE If you want to support the channel and become members    / @startingoverinspain   #Spain #Taxes #AmericanInSpain #ExpatLife #SpainTaxes #LivingInSpain #MovingToSpain #SpanishTaxes #USExpat #DualTaxation