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Sold a Property Abroad
In 2024 I sold an apartment in Venezuela for $53.000, it was closed and was not rented it. The document of the sale is in Bolivares (Venezuela Currency) but they transfered me to my US account (Chase) the equivalent amount ($53.000). Also when I bought it in 2016 it was in Bolivares and the US equivalent amount at that date was $86.000, therefore I had a lost. Do I need to report this transaction now when I file my taxes and how I report it? Thanks in advance for yoir answers
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‎January 23, 2025
12:48 AM