Many thanks!We will be doing as you suggest. It is my understanding, but it would be nice to confirm, that if we follow this plan we should only take a foreign ...
My understanding is that the US does not recognize deemed sales, but gives you the option to recognize them under terms of the tax treaty if you elect to do so:...
I have a similar but somewhat different situation for which I am at a loss. Canada, where we own a condo that has been rented out for several years, has a law t...
