Thanks for replying so promptly Vanessa.
Just a couple of minor questions/comments.
- We live here since 2017, so we don't qualify for the home sale deduction, but, I heard there can be some exceptions on the 24 months ownership if you were forced to move due to a work-related move.
- We have a bank account there with less capital than $10K, but once the property gets sold we want to get the money transferred to our account there, only in case we need it here we would transfer it to the US.
Edited: - What about the tax treaty between US and Spain? I am sure will first get taxation on the gains there, still need to tax gains here?
Thanks
