Get your taxes done using TurboTax

Thanks for the explanation and the links.

 

1. The property was a house that I have been paying for monthly since 2006 until early this year. So all of those expenses plus downpayment must be considered as total cost of property, is that right? In which case, I sold the property at a loss because it has been unattended and was just additional expense for me.

 

2. I would love to wire the money here in one go but the bank has restricted the maximum amount to 10K per transaction. So, I hope they do not see this as intentional structuring. 

 

3. Thank you, this is already in my list of things to do.