G-IV Visas: Exclusion from Capital Gains Tax on the Sale of Principal Residence
An individual residing in the US in G-IV visa status (“G-IV Taxpayer”) is generally taxed as a nonresident alien, even though the individual may live in the US for a number of years and even have his/her principal residence here. Generally, when individuals who meet certain requirements sell their principal residences, they receive an exclusion…
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