Hello everybody,
I’m a U.S. citizen (undecided if related) and I’m planning to promote a property I personal outdoors the U.S. I’m attempting to know the monetary and tax implications earlier than I transfer ahead. I’d actually admire insights from anybody who’s gone by means of this or has expertise with cross-border property gross sales.
I’m particularly inquisitive about:
How the IRS treats overseas property gross sales
Capital features reporting and overseas tax credit
What types I ought to anticipate (e.g., Schedule D, Type 8938, Type 1116?)
Alternate charge issues and timing
Any classes realized or sudden points
I’m not asking for skilled recommendation—simply hoping to listen to from of us who’ve navigated this and may level me in the suitable course. I plan to seek the advice of a tax advisor, however I’d love to enter that dialog higher knowledgeable.
Thanks upfront!
