We sold some property in India last year
We paid capital gains taxes in India
We also declared the sale and the capital gains on our US return and received a credit
We are planning to repatriate the funds to our US bank
But the Indian bank places a limit on how much can be transferred per transaction. The repatriation will therefore occur in several increments To our US Bank
Does anybody foresee any problems?
We have already met with our relationship banker, and he has made notes in our account of what we are planning to do.
But our concern is this: the New York Times had a series of articles where customers accounts were closed because of multiple international transactions.
Can anybody weigh in on this? Any suggestions, best practices would be appreciated.
We paid capital gains taxes in India
We also declared the sale and the capital gains on our US return and received a credit
We are planning to repatriate the funds to our US bank
But the Indian bank places a limit on how much can be transferred per transaction. The repatriation will therefore occur in several increments To our US Bank
Does anybody foresee any problems?
We have already met with our relationship banker, and he has made notes in our account of what we are planning to do.
But our concern is this: the New York Times had a series of articles where customers accounts were closed because of multiple international transactions.
Can anybody weigh in on this? Any suggestions, best practices would be appreciated.
Statistics: Posted by Everest1 — Tue Jun 25, 2024 6:02 pm — Replies 3 — Views 220