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However, it remains to be my opinion that if on both side of this downside, one should learn pages 17 and 18 of the 1990 edition of Publication 17 for extra info and following that format, write to the inner Revenue Service with an 8288 and ask for the exemption formally. In one case, the purchaser and the true property agent drove the vendor to the airport to fly back to Hong Kong. SALE OF UNITED STATES Real Estate The U.S. The purchaser may then only DEDUCT/pay a withholding tax on the taxable acquire, not the gross sale price. We only tax 75% of capital gains and the primary 0,000 is tax free. Social security and $10,000 in curiosity from the United States. AMERICAN HUSBAND - CANADIAN Wife This was a 1990 analysis of the state of affairs of a really High Profile couple who desired to live and work in the United States and Canada.

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