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Becoming a Lawful Permanent Resident mid-year tax implications
Hello,
Say I receive an immigrant visa abroad at a US embassy, say in February, then I sell my house (my only residence I have lived in for 25 years) and then I move to the US say in July of the same year.
I understand I only become a lawful permanent resident on the day I enter the US, right?
Since I'll be a resident for tax purposes for the remainder of the year (July to December), I will need to file a tax return.
Question: Will I be taxed for the sale of my home in the foreign country before I entered the US and became a permanent resident?
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‎July 27, 2024
10:57 PM