I expect to earn about $250k base and via RSUs I expect to earn around $277k, potentially $300k but so far only $98k of this has vested. So altogether I'm looking at $550k if I sell on vest, and $350k if I don't.
My wife does not currently work and is a SAHM.
After my wife and I had a baby, we rapidly grew out of our townhouse and want to move to a bigger house. The idea is to sell our house in Canada to pay for the down payment and convert our existing house into a rental which will cover the mortgage and generate about $250/month extra.
The cost bases for the house when we moved to the USA from Canada is $750k and we can likely get $850k -$900k if we sell it now.
How much should I expect to pay in taxes and what are ways I can reduce this?
Thanks!
original posted by moved2seattle2020 to r/personalfinance on Mon, 04 Mar 2024 05:10:53 GMT.