I would be very grateful for some help with my US tax filing please. I am US citizen, married, filing separately. Spouse is UK citizen. Both resident in the UK
We sold our primary residence in the UK in 2023, and plan to buy another house soon in the UK. I understand I have to report my share of the the gain to the IRS which equates to just over 100K GBP (will be converted to USD for filing).
I did include the gain amount on the 1040, but after adding it, line 15 taxable income has increased significantly (previously 0) which does not seem correct, given that my share of the gain is below the taxable threshold. How do I ensure I am not taxed? Is there another form/worksheet I should submit alongside the 1040 to ensure I am not taxed on the gain?
Thank you very much!
