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is it supposed to be 2 out of last 5 years (I moved here in 2005) or any 2 years while I was the owner of the apartment?
also, is there any regulation about Russia-USA tax agreement? Why is it if Russia doesn't see it as an income - US still sees it as one?
Also, would I have to pay taxes for the difference of $90000-$20000 = $60000? What is the tax rate for the state of CT? Will I have to prove that I purchased apartment for $20000 by providing documents and will I have to provide sale price as well? It's all shows prices in RUB, do I need to do official translation for this purpose?
would it be $400,000 per household income or my income only? My income is very low, but household income might be high. we file taxes together with my husband.