2007-08-08 06:45:59 · 7 answers · asked by Palamidi 1 in Travel ➔ Europe (Continental) ➔ Greece
It's not just a yes or no, although it tends to be rather yes. Perhaps you can give me some more details...
2007-08-08 06:52:36 · answer #1 · answered by Anonymous · 7⤊ 2⤋
Call the IRS 800 number directly and ask. 1-800-829-1040 for individual tax questions or 1-800-829-4933 for business tax questions. They will tell you. I think they may consider this as a capital asset and you may have to pay capital gains tax on the proceeds, but there could also be an international agreement in place with Greece in which this does not occur if taxes are first paid in Greece. They could also consider it sole inheritance or wealth transfer, and in this case it would depend on the value of the property and how much you are able to sell it for. You will have to give the IRS all the hypothetical specifics on the phone and they can tell you exactly what will be necessary.
2007-08-08 06:57:55 · answer #2 · answered by tushanna_m 4 · 2⤊ 0⤋
Yes, but you will probably be taxed. There are also many parametres to consider, as where the owner lived for the last 15 years or so, where you live, and so on. You should consult a good lawyer with all the details and assign the case to him. Our friend Dellarovere here can help you as a lawyer or you can also contact me if you want, I have many lawyer friends here in Greece (including Dellarovere).
2007-08-08 23:45:40 · answer #3 · answered by cpinatsi 7 · 4⤊ 0⤋
the question is, how can you keep the proceeds w/out it all getting taxed away? you need to speak w/ accountants who have international tax expertise in usa & greece.
2007-08-09 04:24:59 · answer #4 · answered by lauren s 5 · 0⤊ 0⤋
yes, but carrying cash across borders gets taxed if it's over 5,000$, Even in an international bank there mat be a fee to cross borders.
2007-08-08 06:51:02 · answer #5 · answered by Anonymous · 0⤊ 0⤋
yes and no depends on how much. you might think about exhanging it for property in th USA. you can check out www.itsaboutgreece.com I think they still have a real estate section and you can contact someone there
2007-08-10 10:47:50 · answer #6 · answered by realfind2001 2 · 0⤊ 0⤋
Yes of course you can! The best thing to do is transfer the money by a bank transfer. You'll have to pay taxes on it.
2007-08-08 06:52:34 · answer #7 · answered by Adam 7 · 0⤊ 1⤋