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I recently sold a property in Arizona at a considerable loss.

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On top of that the...
I recently sold a property in Arizona at a considerable loss. On top of that the US government took away ten percent of the selling price in taxes. That`s over 40-thousand dollars US. Is there any way I can recover all or part of that money? T. Parsonage.
Victoria, British Columbia
Submitted: 6 years ago.Category: Tax
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Answered in 1 hour by:
6/1/2011
Tax Professional: socrateaser, Lawyer replied 6 years ago
socrateaser
socrateaser, Lawyer
Category: Tax
Satisfied Customers: 39,350
Experience: Retired (mostly)
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The US-Canada Tax treaty provides reciprocal taxes and credits between nations.

You can file a form 1040NR, and, if you had no gain on sale, then you would owe no tax to the USA, and the Department of the Treasury will refund to you the entire 10% withheld.

Hope this helps.

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