Americans Abroad

My bank back home is a credit union. Here we don't really have those types of banks. One bank is an agricultural cooperative and I have had an account through them, but finding branches is a problem.

When you say gain, you mean the amount the property has increased in value right since you bought it?

My spouse is also not an American. I'm wondering if having the property registered in their name will alleviate the problem. Granted you'd have to make sure your spouse is trustworthy (the only problem I have with my spouse is that she will spend money hand over fist when she has it and not save).

I don't think we will be selling our place for another 3 years or so. Property values are going up in the area, but not by a lot. I'm hoping I won't have a big mess on my hands in terms of reporting when we sell.