Hi Mary,
Thanks. That answer I already knew. I'm more looking for options for the future sale of the EU home, that give me a clear view of taxation from a US perspective. My US home is currently my primary residence. I spend 5 months in the EU home every year, but could spend more if making it my primary residence helps, and if I need to spend 2 years of last 5 there.
I was hoping to find someone who knows the best plan tax wise in selling the EU home in the future. I know what the local laws/rules are, as well as the US rules on sale of a primary residence, but it's not clear when you have a US primary residence and an EU secondary residence. I am a US citizen and and EU resident. Neither home is rented. Is It a solution to switch residency for say 3 years or 5 years, then sell the EU home for example? Or is there another strategy? I'm not in a hurry, so I'm looking for solutions to minimize taxes.
Thanks.
