pilot787
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Everything posted by pilot787
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You’ll have to pay the capital gain on the sale as soon as you activate your greencard and become US resident. What I’ve found, is that you are getting an exemption of 500,000 for a couple, if you owned the house for at least 5 years, and lived there for 2 years, I believe. You can also write off the renovations and the closing fees.
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For sure! Will let you know! Good luck with your interview!
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Lol. I’m sure they’ll find out 😬
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yeah, that’s why I was a bit shocked🤷🏼♀️. We got envelopes..and on my visa it says, that I can’t land without my husband..Will see what’s going to happen ..0
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Oh, I don’t really care about other visas, because they were Crew visa and Tourist visa, but with my Canadian passport I didn’t need them anymore. I just don’t understand.. how could they have processed me without the principal applicant. According to them, starting today I’m a US resident. It’s just what about the envelope with documents which I got from the consulate and the fees? I haven’t paid anything..
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Need your advice! So, my husband was the primary applicant and on the visa it says that I can only follow him. We didn’t want to land right away, because we have to sell the house first. So, today I had layover in Houston, and I was going through the customs, and I was without my husband. The US officer saw my visa and said that he will try to bypass it to let me in, which did happen. However, 30 min later I got a call from Customs and Immigration. The officer was super nice, but said that they have to cancel all my previous US visas( I had 2 on my other passport), and that they have to activate my E22 visa. And that I will get greencard mailed to me. I told him that we are planning to cross the border in September, and that I haven’t even paid the fees. But he told me that now my Greencard is activated and asked for an updated address. I honestly, don’t understand how they could have activated it, though I’m not a principal applicant. And that’s what even says on the visa. And what am I supposed to do now, when we go to cross together in September? looking for any insights, please, because I’m very confused.
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I read the CRA instructions as to what is considered your primary residence. But based on that, as long it was our primary residence for so many years, and it is our only house, it looked like we didn't have to pay anything in Canada.. But I'll definitely try to look into it. It's just so hard to sell a house now. Hopefully, we will manage to sell it early.
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Hello! Was wondering if smb can suggest a good tax advisor in the US. We live in Canada and planning to land in US as new rsidents in October. I'm not sure if we will be able to sell our house by then. I know we can be exempt for 500,000 revenue on selling it, but it might be a bit more. And don't feel like paying 15% on that. Does anyone know if we can add the renovations expenses towards the initial cost of the house. Thyanks for any advice on that!
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Since there is not much information on the timeline for the interviews in Paris for Eb visas, would like to start a thread here. DQ September 27 for Montreal consulate, but our case was transferred to Paris embassy January 5th. Waiting for the interview....