Tax Implications of Selling My House Abroad Before Moving to the US

[ciriwoh]

Hi all,

I’m planning to sell my house in my home country before moving to the US for work/immigration, and I’m trying to understand the tax implications of this sale. Do I need to report the sale on a US tax return if I’m not yet a resident?

How does capital gains tax work in this situation, and will the IRS treat it differently if I transfer the proceeds to a US bank?

Any advice from people who have gone through this or know the tax rules would be appreciated.

 

[ciriwoh]

Hi all,

I’m planning to sell my house in my home country before moving to the US for work/immigration, and I’m trying to understand the tax implications of this sale. Do I need to report the sale on a US tax return if I’m not yet a resident?

How does capital gains tax work in this situation if I use Sell My House Fast in Florida, and will the IRS treat it differently if I transfer the proceeds to a US bank?

Any advice from people who have gone through this or know the tax rules would be appreciated.

thanks in advance for any help