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    ddgca's Avatar
    ddgca Posts: 2, Reputation: 1
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    #1

    Jun 28, 2011, 11:45 PM
    Money sent from armenia to usa tax laws?
    HI if I sold a property aboard and I sent the money to the USA and I bought a home in ca...
    ddgca's Avatar
    ddgca Posts: 2, Reputation: 1
    New Member
     
    #2

    Jun 28, 2011, 11:47 PM
    Sold property overseas
    What taxes do I have to pay if I sold a property oversaes and bought a house in ca
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
     
    #3

    Jun 29, 2011, 08:20 AM
    If you are a citizen or resident of the U.S. or a resident alien for tax purposes, you will need to report the sale of Schedule D on your 2011 tax return to declare the capital gain on the property.

    There is NO tax on the transfer of the funds, though you MAY have to file Form 3520 to report the money transfer.

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