Sale of home in overseas

Technical topics regarding tax preparation.
#1
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742
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14-May-2014 3:01pm
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California
Is sale of a primary residence in a foreign country eligible for the Sec 121 Sale of Home Exclusion?
 

#2
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1044
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10-Jun-2019 4:20pm
Location:
WESTERN USA
Yes
 

#3
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24-Jan-2020 3:42pm
Location:
Pacific Northwest
I concur.
 

#4
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100
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24-Jan-2020 3:42pm
Location:
Pacific Northwest
And if a mortgage denominated in foreign currency is paid-off upon closing for instance you have a potentially large non-capital gain/loss. (this applies to all transactions in non-US currency, but on a large mortgage pay-off the numbers can be significant)
 


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