Hi @RR53! Should you sell your foreign real estate, the proceeds from the sale can be transferred by wire from your overseas account to your bank in the United States. It would then be reported as a sale of a capital asset on IRS Form 8949 and Schedule D. Depending on the amount ($10,000 or more), you will also likely need to report the sale and proceeds transfer to FinCen and likely file a Foreign Bank and Financial Accounts report.
I hope this is helpful. If so, please give me a thumbs up!
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
