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    Lauriek1970's Avatar
    Lauriek1970 Posts: 1, Reputation: 1
    New Member
    		  
    #1

    Sep 19, 2017, 07:29 PM
    I recently sold a property in another country. How are capital gains figured?
    I would like to figure out how much I will owe the IRS. I need some help from an accountant.
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Sep 19, 2017, 08:11 PM
    What you pay in capital gains is dictated mostly by your overall financial situation.

    If the sale of the house is your ONLY income, the capital gains tax could be as little as ZERO.

    If you email me at the email address in my profile, I can do a tax estimate for you once you provide me with all of the pertinent facts.
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