When you say "liable for taxes," (for those time periods) do you mean DURING the time my application for a green card is sent in? (They can actually charge me for taxes BEFORE they decide if I can get a green card?) And are those days consecutive, or just the total during those time periods?
And if I have to pay 28% on the sale, am I right to assume that if my future income during the same year is less than (say) $40K, I would pay the % applicable to that income?
BTW.. Where is your office?
Just trying to get some confirmation regarding our previous discussion. I have an financial advisor friend that has a international lawyer in his firm. The lawyer is saying that if the property my family has in The Bahamas, (where I was born,) had an appraisal done recently, (we had one done a year ago,) but we end up selling it below the appraised price, then my net share would not be liable for U.S. taxes even if I have a green card, because it was sold as a loss, so there is no capital gain, or income. AS a shareholder I am just getting some of my investment back, at a loss...
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