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Conversely, earned income abroad, and second income from foreign securities, rental, or all else abroad, can be excluded from U.S. taxable income, or foreign taxes paid thereon, can be as credits against You.S. taxes due.

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You is worth of doing even much better the capital gains rate if, as an alternative to selling, merely do a cash-out re-finance. The proceeds are tax-free! By period you estimate taxes and selling costs, you could come out better by re-financing far more cash in your pocket than if you sold it outright, plus you still own the house and property and still benefit against the income on!

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