mlein
New Member

Bringing money from abroad with H4 visa

My spouse is on an H1B, I'm on an H4 and I still don't have an EAD. I have a house abroad that I used to live there 5 years ago. My plan is to sell it and bring that money to the US to make a downpayment on a home here. I will be bringing less than $100.000. I will be paying taxes in my home country for the sale of the house and any gains (price difference from when I purchased vs now). Do I need to pay taxes here again? If so, what percentage? In any case, how should I report this to the IRS? Being on an H4 visa I don't have a SSN (my spouse does), I just have an ITIN number,

 

Thanks in advance.