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1,770,455
Noah Seidenberg
Coldwell Banker - Evanston, IL
Chicagoland and Suburbs (800) 858-7917

You need a CPA or at least an accountant to answer this question. One who is familiar with your financial situation.

Nov 13, 2015 12:09 PM
Ambassador
3,695,516
Patricia Kennedy
RLAH Real Estate - Washington, DC
Home in the Capital

If you are talking about selling your current residence, it shouldn't matter because you no longer have to reinvest.  But if you are talking about investiment property and a tax free exchange, it's worth check with a tax attorney.

Nov 13, 2015 11:34 AM
Ambassador
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Bob Crane
Woodland Management Service / Woodland Real Estate, Keller Williams Fox Cities - Stevens Point, WI
Forestland Experts! 715-204-9671

Need to ask a CPA, or someone at the IRS something like this.

Feb 06, 2019 10:58 PM
Ambassador
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Praful Thakkar
LAER Realty Partners - Andover, MA
Andover, MA: Andover Luxury Homes For Sale

Why not? 

Dec 13, 2016 03:58 PM
Rainmaker
529,935
Gary Coles (International Referrals)
Venture Realty International - Las Vegas, NV
Latin America Real Estate

You need to consult tax professionals in the US and in Costa Rica.  From doing International referrals, my opinion would be that properties in the US and in a foreign country would not be considered "like kind" exchanges by the IRS.  I am not an authority on taxes  -- I only specialize in helping people buy or sell in other countries.  And that usually means finding local experts for many of the questions.

Nov 14, 2015 02:17 PM
Rainmaker
1,157,329
FN LN
Toronto, ON

You should seek tax advise from a Costa Rica tax advisor as well as a American tax advisor.  There may be income tax treaty issues so make sure that the tax advisors are familiar with treaty and other international issues.

Nov 13, 2015 07:18 PM
Ambassador
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TeamCHI - Complete Home Inspections, Inc.
Complete Home Inspections, Inc. - Brentwood, TN
Home Inspectons - Nashville, TN area - 615.661.029

 Good Saturday morning Doyle. I was thinking the same thing that Noah was.

Nov 13, 2015 05:22 PM
Rainmaker
816,802
Troy Erickson AZ Realtor (602) 295-6807
Good Company Real Estate www.ChandlerRealEstate.weebly.com - Chandler, AZ
Your Chandler, Ahwatukee, and East Valley Realtor

Doyle - I am not sure what the answer is, but I would love to own a home in Costa Rica.

I hope it works out for you.

Nov 13, 2015 03:42 PM
Rainer
311,663
Doyle Davison
Hawaiian Beaches Hawaii - 714-968-6767 - Huntington Beach, CA
30 years as your Concierge services listing broker

Thanks guys and gals, I really need to get this international stuff down.  Will try my cpa see what she says

Nov 13, 2015 09:26 AM
Rainmaker
1,301,232
Ryan Huggins - Thousand Oaks, CA
https://HugginsHomes.com - Thousand Oaks, CA
Residential Real Estate and Investment Properties

Check with your tax attorney.  My guess would be no since it is outside the US and it could be seen as taking taxable money out of the country.

Nov 13, 2015 09:16 AM
Rainmaker
4,866,857
Ron and Alexandra Seigel
Napa Consultants - Carpinteria, CA
Luxury Real Estate Branding, Marketing & Strategy

Doyle,

Your financial advisor/accountant would have a better handle on this, than anyone of us.  A

Nov 13, 2015 05:24 AM
Rainmaker
772,372
Olga Simoncelli
Veritas Prime, LLC dba Veritas Prime Real Estate - New Fairfield, CT
CONSULTANT, Real Estate Services & Risk Management

Check with your accountant to be sure.

Nov 13, 2015 04:51 AM
Rainmaker
3,649,285
Michael Jacobs
Pasadena, CA
Los Angeles Pasadena 818.516.4393

Contact a qualified intermediary(accommodator) and/or a financial adviser.  

Nov 13, 2015 04:19 AM
Rainmaker
4,798,687
Gabe Sanders
Real Estate of Florida specializing in Martin County Residential Homes, Condos and Land Sales - Stuart, FL
Stuart Florida Real Estate

If you are referring to a 1031 exchange, my guess is yes.  But I'm not an expert in these.

Nov 13, 2015 03:45 AM
Ambassador
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Karen Fiddler, Broker/Owner
Karen Parsons-Fiddler, Broker 949-510-2395 - Mission Viejo, CA
Orange County & Lake Arrowhead, CA (949)510-2395

I think this is better asked of a CPA? 

Nov 13, 2015 02:41 AM