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Discussion Starter · #1 ·
I am a dual citizen thinking about moving back to the US. In Canada, my sale of my principle residence is not taxed. In the US, the sale by a resident of a principle residence is not taxed.
My question: Will the IRS tax me on the sale of my Canadian principle residence because I am an expat? Will the outcome be different if I sell it while I am still in Canada, versus selling it after I re-establish residence in the US?
Thanks for any input.
Cheers,
Ladyhawk
 

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The sale of your principal residence is subject to an exemption on the first $250,000 of gain on the sale if you file single or MFS and double that if you file jointly with your spouse. As a dual national, you're subject to US taxation (with the various exemptions, exclusions, etc.) no matter where you are resident in the world. So no, in your case, it makes no difference whether you sell your Canadian home before or after you move to the US.
Cheers,
Bev
 
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