overseas property taxation
I have condo overseas.
Recently I moved to USA and I would like to sell my condo there and transfer money to US bank.
Does this money consider as taxable income ?
Asked on 3/10/08, 9:12 pm
1 Answer from Attorneys
Kendall Carter
The Law Offices of Kendall W. Carter, LLC
Re: overseas property taxation
I have to know more about your situation in order to properly respond to this question.
Among other things, I need to know whether you are a US citizen and where your property is located. There may be a tax treaty which affects the tax consequences of this transaction.
Please contact my offices via email at your earliest opportunity.
Best,
Kendall
Answered on 3/23/08, 1:08 am
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