Have a Tax Question? Ask a Tax Expert
The wire of the funds is not a taxable event. If you sold your primary resident (owned and used as your main home for 2 out of the last 5 years prior to the sell) then you can exclude up to $250,000 of the gain if single and up to $500K if married filing joint.
Using the funds to pay for a second home is not relative. If you had more gain than you can exclude you pay tax on the gain.
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The apartment you are taxed on because it was not your main home. SO the gain is taxable to you on your portion of ownership.
Forgot about that sale for a second.
If you need clarification ask about one property at a time
Yes it would. IRC section 121 and the related regulations make no distinction between a principle residence located in the U.S. or a foreign country.
You would need receipts that show any improvements. If you have none the you cannot claim the improvement.
Your cost is the amount you paid plus the apartment you traded. All I can advise is that is you are audited and have no proof to substantiate the claims then the IRS will disallow them
You left with responding further.