Sale of condo in Thailand

[dlphelps54]

I purchased a condo in Thailand in 2010 while on international assignment for $130,000 US equivalent. Itransferred the money for the purchase from my US bank accounts to Thailand.  I sold the condo in 2016 for $105,000 US equivalent and transferred the monies from the sale back to my US accounts.   Is this money taxable?

[PatriciaV · Accepted solution]

No, because you had a loss on the sale of a second home.  The IRS considers this to be personal use property, and losses are not deductible. The transfer of funds from the sale is not relevant to your tax return.