- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
Hi,
The income event for both IRS and state purposes is when the property was sold, not when the money is moved to the US. Therefore, the income will be reported in the year sold.
Louisiana will tax you on all your worldwide income if you are domiciled in the state, even though you may not be a resident there. Taxes in Louisiana will also be for the year of the income event, not the year the money is moved to the US.
Please give a thumbs up to cheer below if this answer helps!
Best,
Karen
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
May 24, 2023
2:58 PM
820 Views