How JustAnswer Works:
  • Ask an Expert
    Experts are full of valuable knowledge and are ready to help with any question. Credentials confirmed by a Fortune 500 verification firm.
  • Get a Professional Answer
    Via email, text message, or notification as you wait on our site.
    Ask follow up questions if you need to.
  • 100% Satisfaction Guarantee
    Rate the answer you receive.
Ask RD Your Own Question
RD
RD, Certified Public Accountant (CPA)
Category: Tax
Satisfied Customers: 8784
Experience:  CPA, MBA, Over 10 yrs of experience in tax planning and business consulting..
510454
Type Your Tax Question Here...
RD is online now
A new question is answered every 9 seconds

what is the us taxation on capital gains (long term) for national

Customer Question

what is the us taxation on capital gains (long term) for national foreigners (residing in South America) This questionb is related to a Real Estate investment
Submitted: 6 years ago.
Category: Tax
Expert:  RD replied 6 years ago.
Chat Conversation Started
RD :

Are you a non resident alien or a US Citizen living in foreign country?

RD :

Is this gain from sale of real property?

JACUSTOMER-0qq06oh3- :

it is a client of mine that is an Argentine citizen residing in Argentina and is buying a condo in Florida

JACUSTOMER-0qq06oh3- :

It is his intention to buy and keep it (a REal Estate investment) for a couple of years and would like to know what will be his tax break.

JACUSTOMER-0qq06oh3- :

Some CPA's have told me it should be tax at 15% and another one at 30%.

JACUSTOMER-0qq06oh3- :

I need to be able to give him a correct and the IRS resolution showing it

JACUSTOMER-0qq06oh3- :

By the time I received your message on my email you are already offline,

JACUSTOMER-0qq06oh3- :

Thanks but so far it didn't help me