American PR selling house in Canada

[jeff198901]

Hello! I’m not sure if this is the correct forum but perhaps someone can answer my question.

My wife is living in Canada(permanent resident for the USA). We have been talking about potentially selling out house. Would we end up having to pay capital gains in the states?


Thank you!

 

[canuck78]

Hello! I’m not sure if this is the correct forum but perhaps someone can answer my question.

My wife is living in Canada(permanent resident for the USA). We have been talking about potentially selling out house. Would we end up having to pay capital gains in the states?


Thank you!

Depends quite a few things. Do you own a home in the US? Who owns the home? How long has your wife lived in the Canada home.

 

[jeff198901]

Depends quite a few things. Do you own a home in the US? Who owns the home? How long has your wife lived in the Canada home.

no house in the USA. We both own the house and have both lived in it for 3 years. She never owned a house in the USA.

I actually got in touch with the accountant we use and he said this “As long as your principal residence is in Canada, no capital gains in either country. It is not even put on your US return”