IRS Reporting Question

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tedmac
Posts: 8
Joined: Sat Dec 12, 2020 6:28 pm

IRS Reporting Question

Post by tedmac »

I am a dual citizen (US/Canada) living in Vancouver. Last year I bought a condo that is part of a coop. That means I own shares in the coop that give me the right to occupy my unit. The coop is listed as a limited partnership that owns the building where my condo is. Do I have to report this to the IRS? And if so what form should I use ? The condo is now my primary residence. The cost of the units shares was over 10% of the accessed value of the whole building.
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