Hello from Austin Texas ! So I'm not sure if I am posting in the right forum but I was hoping someone could help me with this question.
In April 2020 we are planning to move to Ecuador and purchase a hotel or Bed. N breakfast property. ( no we don't know yet where. in November of this year we are going to come down and spend eight days driving down the coast and seeing as many properties as we can and then deciding which one )
So with that being said my question is; we are going to be selling our home here in Texas and in the United States if you do not reinvest that money you have to pay 9% capital gains tax and my question is, we will be re-investing it in a commercial property but in Ecuador not the us. does anybody know if that is a valid investment and will keep us from having to pay capital gains taxes? Thanks much