If I purchase home outside of USA can turbotax support me? house will not be used for rental, just for personal use and price will be below 100000$. What I need to know is: Do I have to pay taxes to USA for home or appartament owned for personal use outside of usa? I have one home in USA which is my main residence and I live in USA.
Also If I purchase home overseas I have to transfer my money from US bank to foreign bank and I know I have to report it to FBAR if it is more than 10 000$, but I dont know if USA will tax my foregn bank account which doesn't make money for me and will be used for home purchase. Please advise.
