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Conversely, earned income abroad, and second income from foreign securities, rental, or other suggestions abroad, can be excluded from U.S. taxable income, or foreign taxes paid thereon, could be used as credits against Oughout.S. taxes due.

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You can get done even much better the capital gains rate if, as opposed to selling, you just do a cash-out re-finance. The proceeds are tax-free! By period you figure in taxes and selling costs, you could come out better by re-financing a lot more cash in your pocket than if you sold it outright, plus you still own the property or home and in order to benefit from the income onto it!