Property purchased during green card. Sale after citizenship

Kris42

New Member
Hi

I appreciate all input and any direction regarding my current situation.

I purchased a property (non-farm land) when we had permanent residency. I recently took citizenship oath along with name change. I am currently visiting India under multiple entry evisa. I plan to sell the property and possibly purchase another non-farm land.

I am seeking advise regarding any potential legal/taxation issues.

Thanks in advance.
 

whitemimauz3

Registered Users (C)
You need to report sales of property with Indian taxing authorities & report same transaction with here in US (IRS) & of course you can take income tax credit in US for taxes paid in India
 
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