In 2018 we sold house in Canada and bought another one in US . We got permanent US status in 2016,I live in US from 2013 my husband from 2016. Should we pay capital gain?

olgoloub · ‎June 1, 2019

MarilynG · ‎June 1, 2019

If you lived in the home for two of the last five years prior to the sale, you would qualify for the Home Sale Exclusion.

If not, it would be reported as the Sale of a Second Home and be subject to Capital Gains.

Here's more info on the Home Sale Exclusion:

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