I recently married and my husband is from the UK. He sold his flat and wants to wire the money to our account. It is under $100,000. Will we need to claim taxes on this he already paid taxes in the UK for this money.
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I recently married and my husband is from the UK. He sold his flat and wants to wire the money to our account. It is under $100,000. Will we need to claim taxes on this he already paid taxes in the UK for this money.
He does not have to pay US taxes for this amount, plus he can also claim foreign earned credit, but he must report this $$ on 1040, married filing jointly or filing separately.
Good luck...
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