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    lind154's Avatar
    lind154 Posts: 1, Reputation: 1
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    #1

    Sep 1, 2013, 04:25 PM
    Do I have to pay us taxes on sale of foreign property which I inherited
    Do I have to pay US taxes on a sale of foreign property which I inherited with my sister?
    AtlantaTaxExpert's Avatar
    AtlantaTaxExpert Posts: 21,836, Reputation: 846
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    #2

    Sep 1, 2013, 04:45 PM
    If you are a U.S. Citizen or resident, then, yes, you have to pay long-term capital gains taxes on the profits from the sale.
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