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Moving back to the US with proceeds of home sold - is there tax implication?
I am a US citizen, sold my US property in 2000, moved to the UK and transferred the proceeds to buy a UK property. I am coming back to the US in a few months, and would like to sell my UK property (I have sold my original UK property then bought another house) and transfer the money back to the US in order to buy a home. Am I liable for tax on the money from the sale of my UK house, that enters the US? It is my primary residence, and I do not have a US property.
‎September 15, 2023
5:53 AM