Primary home in US
Moderator: Jim Eiss
Primary home in US
Both my wife and I are working in US right now, but I am planning to go back to Canada later in the year, but my wife will continue to work in US for another year or two. Question, what should I do with the house we bought as our primary home in US? Should I sell it before I leave?
Re: Primary home in US
This is a tax and finace question. Ask on forum you have posted other questions.
After 20 years, I am severely cutting back on responses. Do not ask specifically for my help. There are a few others on this board that can answer most questions. All the best
-
Gunnilarss
- Posts: 2
- Joined: Wed Mar 23, 2022 8:17 am
Re: Primary home in US
The thread is very old, but I just saw it and wanted to add that I agree with nelsona. It all depends on the financial situation and what taxes your house is in a certain state. My wife and I were in a similar situation. We had a nice big house with 3 bedrooms, a mother-in-law suite https://parentportfolio.com/mother-in-law-suite/, or something like that. At that moment, the question of taxes was an important one. The bigger the house is, the higher the taxes are. We thought then that it would be cheaper to sell it and not bother with paying the US taxes. However, I think that we should’ve better rent it out. It would bring some money with almost no effort for maintenance.