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

    Apr 7, 2012, 08:29 PM
    Do I have to pay taxes in USA
    I own a property in Sri Lanka. I am still a Sri Lankan citizen living in USA (permanent resident). I am planning to sell the house and invest money in the stock market in Sri Lanka. Do I have to pay taxes in USA for the gains?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
    Senior Tax Expert
    		  
    #2

    Apr 23, 2012, 11:18 AM
    Yes. ALL world-wide income is subject to U.S. income taxes if the person is a U.S. citizen or a permanent resident of the United States.
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