I had a property overseas that I acquired back in 2012 prior to coming into the U.S., the apartment was fully funded by my parents and grandparents who are all non-U.S. citizens.
1- Does moving the remaining money from the sale (a little bit over $100k) from overseas to the U.S. require tax reporting since it was a gift from my parents/grandparents who fully paid for this apartment and it was acquired prior to my move to the U.S.?
I'm not certain about repatriating the funds (or bringing them here in the first place), but it's your money (the proceeds from the sale) so there should be no impact.
With respect to your loss, if the property was never held for investment or rental purposes (i.e., held for personal use), then the (capital) loss is from the sale of personal-use property and cannot be used to offset capital gains.
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