I wrote: <<I bought a house in Australia in 1991 for $84K. I sold it last year for (after commission etc) $72.5K giving me a large capital lost.>>Roy "the amazing and amusing tax expert wrote": <<Right...assuming that you are a US citizen, that the house was either an investment property or rental property and not a personal use property...along with a few other assumptions.>>I write anew with my assumptions:o Actually I am not a US citizen - but I have been working in the US at Pixar (I hope everyone has seen Toy Story II by now) for the last 4 years.o Yes it was an investment propertyo Because the Australian dollar fell from $1.20 to $0.67 over the last 10 years I made a capital loss of at least $80K US.Roy "the flirtatous tax guru wrote":<<Sure...stop by...leave one question...use us and abuse us...and then just leave. I'm crushed. >>I write:You're cute Roy - and email@example.com
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