My brother leaves in Europe and is not subject to an kind of U.S. income tax filing. On the other hand, I live in the USA and that's where I have my tax returns filed.
We would like to purchase a small apartment complex in Europe, renovate it, and then rent it out.
Would my brother (or myself) have to disclose any kind of information about him to the U.S. IRS, FinCEN, or whoever else? What information?