I am an American citizen and live as "resident of Mexico" for the last 8 years, I just sold my Mx.house and bought a smaller one. This year my accountant in NJ says even though I satisfied the Mx.tax law I have to pay US taxes on capital gains. This seems to be unfair, I moved to Mx. not just because I love it, the climate, the natural foods, the people, but because it is more affordable than living in say, -CA. I think my NJ accountant is very knowledgeable but is this correct, to pay in both countries. I feel I'm being punished.
2007-03-17
20:17:07
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4 answers
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asked by
Tinribs
4
in
Other - Business & Finance