foreign property

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Paying Tax on Sale of Foreign Property

Paying Tax on Sale of Foreign Property

By April Powell| 2023-05-15T10:08:00-05:00 April 26th, 2023|

Am I required to pay tax on sale of foreign property? Q: I sold my house in my home country of Guatemala last year for around $90,000. The buyer paid me half of the sales price by wire transfer to my United States bank account. The other half was paid to me to an account [...]

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Cosigning a mortgage for foreign property? What you need to know at tax time

Cosigning a mortgage for foreign property? What you need to know at tax time

By Ilyce Glink| 2017-11-06T09:01:48-06:00 November 6th, 2017|

Cosigning a mortgage for foreign property? What you need to know at tax time so you don’t get caught by the IRS. Q: I was wondering if you could help me find some answers. I helped my cousin buy a home in Canada which she used as her principal residence. I did not help her [...]

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