topic Re: resident alien, wire transfer in Get your taxes done using TurboTax

resident alien, wire transfer

ipulat43 — Tue, 24 Feb 2026 03:56:21 GMT

I moved to the US in August 2021 and became a resident alien in 2022. I sold my apartment abroad and transferred my income to my bank account to buy a house in the US. Do I need to report my wire transfer from this sale to IRS and pay tax in the 2022 tax year?

Re: resident alien, wire transfer

PattiF — Thu, 02 Mar 2023 02:23:12 GMT

If you meet the requirements to be able to exclude the gain of a personal residence from capital gains, then you do not need to report the sale of your apartment.

If this was your main home for two of the last five years and your gain on the sale was less than $250,000 for filing single, or $500,000 for a married couple filing jointly, you do not include this on your tax return.

Re: resident alien, wire transfer

ipulat43 — Fri, 03 Mar 2023 02:45:21 GMT

Thank you for your answer.

Re: resident alien, wire transfer

ipulat43 — Sun, 05 Mar 2023 14:42:52 GMT

Do you know any statement for this condition on the IRS website? If yes, could you attach a link here?

Re: resident alien, wire transfer

PattiF — Sun, 05 Mar 2023 15:02:16 GMT

Please see this discussion about a similar situation.

@ipulat43

Re: resident alien, wire transfer

ipulat43 — Tue, 07 Mar 2023 11:45:50 GMT

Thank you!