What is the name of your state? NY
Hello Forum!
My wife and her mother (both US residents) are selling their old apt in Moscow. Mother owns 2/3 of it and my wife the remaining 1/3.
They want to use all the proceeds (400k) to buy the coop/condo in brooklyn/manhattan in a few months.
Would the proceeds be subject to any US taxes? taxes are on sale are paid in Russia.
Thanks!
Hello Forum!
My wife and her mother (both US residents) are selling their old apt in Moscow. Mother owns 2/3 of it and my wife the remaining 1/3.
They want to use all the proceeds (400k) to buy the coop/condo in brooklyn/manhattan in a few months.
Would the proceeds be subject to any US taxes? taxes are on sale are paid in Russia.
Thanks!