
Selling a Home in China as a U.S. Citizen or Green Card Holder: §121, Exchange Rates and Tax Credits
U.S. tax residents report gain on selling a home in China. Live there 2 of the last 5 years and you can exclude $250,000 ($500,000 joint). Convert purchase and sale at their own dates' rates, credit Chinese income tax on Form 1116, and check FBAR/8938.
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