Hi,
Thanks again for the information. This was certainly very helpful. I have just one more question. I noticed that generally in the US the sale of land generates form 1099-s and based on that you report to the IRS. What kind of documentation should I provide from the sale of a foreign land that the IRS accepts? The money will be deposited in a foreign account and that I have to report to FinCen, but other than that is there anything that I can do?
