What is the capital gains on sale of land in PR for married couple.

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bajbsurf Member

Member since 04 December 2023

bajbsurfMember04 December 2023 17:14:22

What is the capital gains percentage on the sale of land in Puerto Rico. The owner is US citizen born in Puerto Rico and spouse is non-resident alien (married). When the sale occurred a 15% was withheld from the sale price as the owner was non-resident in Puerto Rico but a US citizen born in Puerto Rico.

Thanks for the help.

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