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A comment on Switzerland in the age of automatic exchange of banking information. Parent comment

Re:Switzerland in the age of automatic exchange of banking i... by MR4D on Wednesday September 18, 2019 @09:52PM (#21012467)
The us does not tax capital gains on your primary residence unless you lived in it for less than 2 years.

https://www.investopedia.com/ask/answers/06/capitalgainhomes...

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Re:Switzerland in the age of automatic exchange of banking i... by Scoundreller on Wednesday September 18, 2019 @11:56PM (#21013141)
Seems even more complicated than that. It's only on $250k in gains, or $500k if you're a couple filing jointly.

It's a lot of money, but if you bought a house in Canada in Toronto/Vancouver 30 years ago, you'd be paying US CGT on its sale.

And can a US-citizen/non-US-citizen couple still file jointly?

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Re:Switzerland in the age of automatic exchange of banking i... by generatorguy on Thursday September 19, 2019 @12:36AM (#21013337)
In the US you also got to deduct the interest you paid on your mortgage from your taxable income for 30 years.
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