Do I have tax liability as US citizen if I sell a property abroad inherited from my father? I resided at that apartment 10 years ago with my parents .
Asked on 5/17/10, 2:01 pm
1 Answer from Attorneys
Arthur Geffen
Arthur H. Geffen, P.C.
Short Answer - YES.
The United States taxes everyone subject to tax in the United States on his/her/its worldwide income.
Answered on 5/25/10, 11:43 am
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