Is there a really good course, video, or guide that goes into stupidly elaborate detail on how to pronounce hangul? I want tongue placement, mouth shape, lips, how much to puff, comparisons and explanations. Ideally explained multiple ways. I'm terrible at this part of language learning and need all the help I can get. Thanks.
Is there anywhere in or around town with gentle slopes or ups and downs, where I can let my toddler have fun riding his balance bike? Such as a low-traffic neighborhood with paved hilly roads? He's a big toddler, so at least understands cars are dangerous and such. Thanks.
Greetings. I am not sure whether to recognize a loss as short term or a long term capital loss. I'm a US citizen. My wife is a foreign national and greencard holder (LPR). Before we married, she signed a contract for an apartment under construction in a non-US country; let's say this was 2020. This was for one unit in a planned large compound of buildings. She paid initial deposits and then, over several years, paid nonrefundable payments on a schedule to the construction company. I don't believe she paid or took out a loan for the balance due before she sold it. In 2025, after final inspection but before the allowed move-in date, she sold the apartment. She sold for a loss of about the equivalent of $40k USD. She could have sold the contract before then, but didn't find a buyer until after final inspection.
(I'd have to verify with my wife on all the details, but she has not been good at communicating about the details and this year is a really tough time emotionally for her family, for unrelated reasons.)
Given that I don't read the language, it's tough for me to properly analogize to U.S. property law and contract law to then assess what her various ownership interests were at different times.
I am inclined to call this short term capital loss. It feels like to me she didn't own the apartment until after the inspection, if at all. I think the basis of her investment is the total of all the payments she made. She sold the "apartment"/contract for less than she paid in. At earliest, I assume you calculate basis from the date of her last payment. It would be absurd to assume her basis is the full sticker price of the apartment that didn't quit exist yet, so the start date of ownership shouldn't be the start date of the contract.
I could be wrong about the loan and purchase; she might have taken out a loan to "close" on the apartment, but I don't think so because I remember she had a lot of issues proving income to the banks since we mostly only had US income which they would not recognize.
I filed an extension on our 2025 tax returns and haven't been able to work through this yet.
I think we would recognize a $40k short term capital loss. Or do we treat the separate contract payments as distinct investments on different dates, all with a single sale date? Or am I overthinking this, and it's gotta be long term because of the date she signed that contract in 2020? Short term losses are more advantageous than long term losses right, because of the order of operations? Also, since we would only submit a 8938 and Schedule D, what records do I need to keep? And what are the risks of being audited and having to prove all these foreign records?
Any definite answers on this? With citation to publications, CFR, statute, or opinion letter? Thanks.