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Do i have to report sale of foreign property to irs?...
US Taxes on Foreign Property: Buying & Selling Real Estate Abroad (2025)
Updated on January 11, 2024
Reviewed by a Greenback Expat Tax Accountant
Buying or selling property overseas can complicate your tax requirements.
In this guide, we’re looking at US expat taxes on foreign property and what they mean for you.
How to calculate capital gains tax on overseas property
Here’s what you need to know about buying and selling a house abroad.
Key Takeaways
- Buying property overseas doesn’t automatically trigger a US tax reporting requirement.
- Selling foreign property will result in a capital gain or loss that is reportable on your US tax return.
- Buying or selling foreign property may create tax obligations in your country of residence.
Taxes on Foreign Property
As an American living abroad, you will not have to report the purchase of foreign property on your US tax return.
However, you will have to report any gain or loss from selling a foreign property. Likewise, you will have to report any rental income you receive.
For the most part, the rules for reporting a capital gain or loss are the same regardless o
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