Tax Dilemma on Sale of house in US
Posted: Mon Jun 07, 2010 5:25 pm
We sold our house in Apr 2009 and returned to India for good in April itself. We had filed our taxes for 2008-2009. Question is
1. Husband got citizenship in July and me in September 2009. When I consulted my CPA in US, for filing taxes for 2009-2010, he told us that based on no US income received for 2009-2010, we need not file any taxes. But as the house is sold, we need to disclose that information and we have to bear the capital gains of sale of house. Our house was purchased n the year 2002..so won't we fall under long term capital gains.
2. Husband recd unemployment income from State for 2 months in 2009. We did not receive any statement from the State which showed the amount received and neither are we able to contact them for that statement.
3. Pls advise if I shld file for Tax returns in US or just let it go and handle it if any questions arise later?
1. Husband got citizenship in July and me in September 2009. When I consulted my CPA in US, for filing taxes for 2009-2010, he told us that based on no US income received for 2009-2010, we need not file any taxes. But as the house is sold, we need to disclose that information and we have to bear the capital gains of sale of house. Our house was purchased n the year 2002..so won't we fall under long term capital gains.
2. Husband recd unemployment income from State for 2 months in 2009. We did not receive any statement from the State which showed the amount received and neither are we able to contact them for that statement.
3. Pls advise if I shld file for Tax returns in US or just let it go and handle it if any questions arise later?