Tax liability in the US for capital gains from property sale in India?
April 10th, 2010 by admin
Hi,
I have been in the US for the last 2 yrs, first on a F-1 and now on an H-1B visa.
I recently sold a property in India and had some capital gains which I plan to invest in another residential property there. As a result I am claiming a capital gains exemption in India.
Is there any tax liability on these capital gains in the USA? I would appreciate if you could also send me the sources for your response.
Rent Back
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