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andreribsp
Dec 12, 2010, 08:25 AM
I would like to know if a expatriate Brazilian citizen working in the United States have to pay tax in the US after to sold a property in Brazil. Thank you very much.

MukatA
Dec 13, 2010, 06:45 AM
If you are resident of U.S. you must report worldwide income on your tax return. You are resident of U.S. if you meet Substantial Presence Test. Your U.S. Tax Return: Substantial Presence Test (http://taxipay.blogspot.com/2008/04/substantial-presence-test.html)

andreribsp
Dec 13, 2010, 03:59 PM
Thank you very much. I work in an American company in Brazil and I'm being transferred to the U.S. headquarters from 01/01/2011.

andreribsp
Dec 13, 2010, 04:00 PM
I plan to sell a property in Brazil and I will pay taxes in Brazil. I believe it is possible to avoid paying new taxes in the United States, correct ?

AtlantaTaxExpert
Dec 14, 2010, 07:05 AM
Yes, IF you sell the property BEFORE you achieve residency status in the U.S.