Hi, can I claim tax exemption on property (land) bought outside the US of A? If someone can provide details or send a link to a website that details
This, it would be great.
Thanks,
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Hi, can I claim tax exemption on property (land) bought outside the US of A? If someone can provide details or send a link to a website that details
This, it would be great.
Thanks,
Not that I know of... you will be liable for the local taxes wherever that property is located, or did I misread that?
If you buy property outside the U.S. you do not pay any tax in the U.S.
Which tax?
On the other hand, if you are a U.S. citizen or a U.S. resident and you sell property outside the U.S. at a gain you must report the gain on your U.S. tax return.
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