QUESTION:
I will soon receive $80,000 USD for a piece of inherited property in Greece
that I've sold to a family member living in Greece. What are the tax
consequences to me, a US citizen living in Arizona? Is there any way to
minimize taxes by having the proceeds sent as gifts to me, my spouse and
son? What about overseas accounts?
If I wanted to use the entire proceeds to invest in a condo in Vancouver, is
there any means to accomplishing an exchange?
Thanks for your advice!
