Selling UK house - US tax implications.

[natp]

UK citizens, currently on visa, living in own home in USA for past 7 years. Does anyone have an idea of the tax implications if we sell our UK property which has been rented out since we've been here?

 

[Alison King]

no response

UK citizens, currently on visa, living in own home in USA for past 7 years. Does anyone have an idea of the tax implications if we sell our UK property which has been rented out since we've been here?

I have asked the same question my self I'm in the same boat as you, unfortunately I have had no response

 

[Jason D.]

You will have to report the sale on schedule D as the foreign home probably will not qualify as a principal residence since you have lived in the U.S. for the past 7 years.