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December 10, 2019
Question

I’m planning to sell a house overseas. Do I have to pay taxes here when I transfer the funds into the US? What if the buyer can also transfer from a US account?

  • December 10, 2019
  • 1 reply
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1 reply

rjs
Employee
December 10, 2019

Paying tax on the sale of the house has nothing to do with how, when, or where the money is transferred. If you are a U.S. citizen or resident alien, you must report the sale of the house on your U.S. tax return and pay tax on the gain (profit) from the sale. It doesn't matter where the house is or where the money is. You have to report your worldwide income.