jorgechm
Jan 5, 2009, 11:03 AM
My U.S. citizen mother will sell her home in Peru that was built in 1985 and in which she lived until 1995. She now wants to buy investment property in the U.S. with the sale's proceeds. How much taxes will she pay in the U.S. Can she do a 1031 Exchange? Would depreciation affect the amount of taxes being paid?
Please advise.
Please advise.