I bought a house in 2005 in europe as a european living in that county all my life. In 2014 I get a work VISA (L1) and move to the US. After 2 years I want to sell the house abroad. Since I sell the house within 3 years from living there, i should pay no capital gains (below $250,000). A friend of mine tells me that I have to pay tax because there's a gain from the exchange rate - the value of the USD has gone up since I got the house. I don't get that - since I didn't use $ to pay for the house, and I don't get dollars when I sell. That will be in that european contrys currency. So actually this is really bad, since the dollar is so much worth. So is this really true?
