sbehrooz
Apr 28, 2012, 09:05 PM
Hi
I am a new permanent resident I got my green card in October 2011 I sold my home and my other assets in my country and want to to transfer the money to U.S (the money is still in my home land country).
1- If I receive that money is it taxable or not? (I mean the IRS get tax from my money)
2- should I declare that money in my 2011 tax or not ?if yes what is the form no.
I am a new permanent resident I got my green card in October 2011 I sold my home and my other assets in my country and want to to transfer the money to U.S (the money is still in my home land country).
1- If I receive that money is it taxable or not? (I mean the IRS get tax from my money)
2- should I declare that money in my 2011 tax or not ?if yes what is the form no.