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View Full Version : Nra Tax On Condo


delite
Jan 8, 2007, 09:52 AM
Would Like T Know If Any Capital Gains Tax On Following:
Nonresident Alien Sold Condo For $25k Profit And At The Same Time Purchased A New Condo Costing 50k More Than The One Sold.
Please Advise.

AtlantaTaxExpert
Jan 8, 2007, 10:02 AM
The $250K tax exemption for sale of your personal may not apply to Non-resident aliens.

However, you should be able to transfer the Capital Gains to the new Condo and defer paying any capital taxes.