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Investors & landlords
Thanks Opus for your detailed reply. I will use the prevailing exchange rate on the day of the sale and for other activities. With regard to travel expenses, I came across the following link while doing a Google search. It is an old article and was published in Bankrate. It indicates that the travel expenses can be included.
https://www.bankrate.com/finance/taxes/selling-property-in-a-foreign-country.aspx
We have to pay any real estate taxes owed up through the day before the sale date. It is allowed as per publication # 523. Feel free to provide your comments and suggestions. With gratitude, Dabu.
‎November 29, 2021
5:32 PM