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Posted date : Dec 13, 2024

My husband and I recently sold our condo in Florida. We know that we have to file a capital gains return with the IRS in 2025. How do we go about doing this?

Posted date : Sep 18, 2024

Hello. I do enjoy reading “Bird Talk.” However, as a retired CPA, I do shudder at times with your advice regarding transfers of U.S. property to children or sales to outside parties…

Posted date : Sep 17, 2024

If we plan to sell our property in Florida, what is the process for getting the money back into our Canadian account? Are there tax rules that apply?

Posted date : Jul 16, 2024

In your spring CSA News, there was a question about Florida property ownership which addresses the Florida Ladybird Deed. My wife & I are joint owners of property in Florida…

Posted date : Jul 16, 2024

In the spring 2024 issue, you mention a ‘Ladybird Deed’ for properties in Florida. Can the names of our adult children be added to the deed at any time without triggering capital gains tax…

Posted date : Sep 14, 2023

In accordance with the U.S. tax code, you are required to disclose the sale of the property and pay capital gains tax, if applicable…

Posted date : Aug 2, 2023

In your spring 2023 edition, in the Bird Talk section, there was a question from Mr. William Gordon who
wanted to know if there were any capital gains to be repaid following the sale of their mobile home on
leased land…

Posted date : May 10, 2023

We own a mobile home in Florida, but do not own the land (rented). Selling a mobile home is similar to selling a vehicle where we sign over title. Annually, we pay for a mobile home trailer licence just like a car…

Posted date : Jan 13, 2023

My wife and I are thinking of selling our property in Florida and would like to know the steps in the process. I assume that we would go through a lawyer when it sells, but are there any U.S. taxes and/or fees which we would need to pay? We have heard conflicting stories from others who have sold. Thanks for clarifying this issue.

Posted date : Sep 19, 2022

My father-in-law would like to transfer ownership of his property in Florida to my wife and me. We are thinking of joining the title with all three and, upon his passing, it would pass to my wife and me as surviving owners. Will that work to avoid capital gains or gift tax?