Selling House in China?

[2mike&jin]

Has anyone on CFL or does anyone know of someone that has sold a "house" in CHina, that their wife or them has called a "personal residence" under the US IRS rules, and avoided the taxes by having lived in it for 2 out of the last 5 years - thus meeting the US rules?

 

Ok, yes -- old, slow, me just realized that my wife lived in her house more than 2 years out of the last 5, and it was her personal residence before we met - and we lived there as well for awhile. My goodness I wished I'd have realized this sooner. Any observations or knowledge would be appreciated. Happy Holidays.

[Doug]

Before divorced my wife sold her apt/house at a dang good price. She left the cash their for a couple of years then brought it all over to buy a big 2 story in Plano. I didn't bother with the tax thing.