Search found 2 matches

by BenTor.
Mon Oct 24, 2016 1:35 pm
Forum: Canada / United States Tax & Accounting
Topic: House capital gains, again
Replies: 3
Views: 1917

[quote="nelsona"]Not much strategies. You are on the hook for 1/2 the gains if you file separately, all the gains if you file jointly.
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Don't know any way around it, other than keeping it until you die, and the estate tax bite might be less.[/quote]

Reply appreciated even if the message is not ...
by BenTor.
Mon Oct 24, 2016 12:29 pm
Forum: Canada / United States Tax & Accounting
Topic: House capital gains, again
Replies: 3
Views: 1917

House capital gains, again

I'm interested in the latest thoughts on this old question for dual citizens. Very relevant for those of us in Toronto who have wonderfully large capital gains on our primary residences, greatly exceeding the $250- or $500,000 limits for freedom from US tax.

My wife is not a US-person but we can ...