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Forum: USA

Feb 21st 2015, 3:39 pm

Replies: 24

US Tax due on sale of UK home from currency fluctuation

Views: 9,781

Posted By Jaag

Re: US Tax due on sale of UK home from currency fluctuation

Thanks to all the replies, seems like amazingly it is correct, but I guess nobody here is going to argue that taxes are 'fair' :(

'Fortunately' (very luckily) for us, I arrived in september, and...

Forum: USA

Feb 20th 2015, 8:48 pm

Replies: 24

US Tax due on sale of UK home from currency fluctuation

Views: 9,781

Posted By Jaag

US Tax due on sale of UK home from currency fluctuation

I have been informed by my tax adviser (big 4 paid by my company) that I would have to declare the 'profit' made on the currency fluctuation on my mortgage as earned income for this year.

This...

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