You can take steps so you're not double taxed on a sale.
Karin Price Mueller | NJMoneyHelp.com for NJ.com
Q. We live in New Jersey and own some investment property in the Dominican Republic, which apparently has no tax treaty with the U.S. When we sell, in addition to the Dominican capital gains tax, will we need to pay U.S. and N.J. capital gains taxes?If you purchase a product or register for an account through one of the links on our site, we may receive compensation.
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