Is the Money received from sale of owned real estate property from another country (philippines) taxable? The property was sold recently 2019 and my brother who co-owns it with me sent me the money thru wire transfer. Am I supposed to include that in my tax filing next year? Is it even taxable here in the USA when I have owned that property way before I married my American husband? I became a US Citizen just this May 2019. Thank you.
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As a US citizen you're taxed on your worldwide income....doesn't matter when or how you got the property.
Thank you for the info. Appreciate it.
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