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Is a home sold abroad subject to taxes?
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A friend sold some investment real property this year and had a large long term capital gain. He invested the proceeds in the market and the values are down. If he sells the investments now he will have some short term capital losses. Can he use the STCL to offset the LTCG? He also paid...
We recently sold our business and have to pay a large tax bill.
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Do I pay Capital gains on property sold in Italy?
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I am a US Citizen and US resident, but I own real estate in Italy. I wish to sell it, and in Italy there are no capital gains taxes on real estate. My question is, must I pay capital gains on this property here in the States? Thanks! Sal View more questions Search
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