Capital Gains and Losses
Capital Gains Tax Questions? Ask a Tax Advisor for Answers ASAP
Hi from just answer. I'm PDtax. I'll assist.
There is no US tax liability to you for your interest in the Irish purchase you plan. Especially since you will both be on title.
The 50-50 ownership includes debt. You might pay more of the debt service, but it is joint debt. There no gain to you until it is sold, and the value returned.
Thanks for asking at just answer. Positive feedback is appreciated to rate my assistance. I'm PDtax.