I'm a non permanent resident in US with a work visa, I'm selling a property abroad and I'm planning to transfer this money via a wire transfer to my US bank account. Do I need to pay taxes as a result of this operation?
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I'm a non permanent resident in US with a work visa, I'm selling a property abroad and I'm planning to transfer this money via a wire transfer to my US bank account. Do I need to pay taxes as a result of this operation?
The transfer itself would not trigger any taxes, however, selling a property abroad needs to be reported on your tax return (unless you are a non-resident alien).
You might have to file from 3520.
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