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First of all, mods if this needs to be moved to the right area, please do so.
We just managed to sell a foreign real estate in Asia.
I am fine regarding the tax treatments, the foreign tax credit and all of that.
The part I don't understand is for the potential audit.
All the contracts are in a foreign language.
How does it work if I get audited?
Do we just provide the contract in the original language as proof and the IRS self translates?
Do I need to certify the translation somewhere?
Does anyone know?