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Selling foreign property and tax

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  • Selling foreign property and tax

    Hi, everyone! I have a question on a subject that is really important to me right now.
    I mom is going to immigrate to US as my immidiate relative and she has a house in Russia. She wants to sell it and she is going to pay taxes on it in Russia. After selling the house she is going to transfer money to us bank. Will she still pay taxes on that transaction or not since it will be the income from selling the foreign property? And if she transfer all her savings from Russia as well, will they be taxable? (since she earned it while being russian resident and working in Russia all her life). Thank you!

  • #2
    Money is taxable when and where it is earned, in this case in Russia.

    Just because you transfer that to the US, it does not create tax liability on its own.
    Immihelp Support
    No legal advice. Use at your own risk.

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