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earthelder: "My former husband and I (still good friends after all these years!) have just sold a lot of land we jointly owned in Jamaica, his homeland and my adopted one for fifteen years. The land was purchased with money totally earned in that country.

The net proceeds will be sent to each of us here in US$. We've been advised that although this money is not technically taxable here (whatever "technically" means), we'd be wise to have the payments arrive in staggered amounts, keeping each check under $9,000, over a few months. The total sum is just under $20,000.

Is this advice accurate? Is it missing anything? We are definitely NOT into "tax avoidance" but obviously since we've paid taxes already in Jamaica, we do not want to be double taxed."


Too much information missing.

The US taxes its citizens and residents on their world-wide income.

Why is the money being sent to the y'all in the USA? Perhaps becausae you live here?

I do not knwo whether the USA has a tax treaty with Jamaica.

If Taxes are due to the IRS, credit for any taxes paid in Jamaica should be available.

Regards, JAFO
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