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    delite's Avatar
    delite Posts: 202, Reputation: 3
    Full Member
    		  
    #1

    Jan 8, 2007, 09:52 AM
    Nra Tax On Condo
    Would Like T Know If Any Capital Gains Tax On Following:
    Nonresident Alien Sold Condo For $25k Profit And At The Same Time Purchased A New Condo Costing 50k More Than The One Sold.
    Please Advise.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Jan 8, 2007, 10:02 AM
    The $250K tax exemption for sale of your personal may not apply to Non-resident aliens.

    However, you should be able to transfer the Capital Gains to the new Condo and defer paying any capital taxes.
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