We recently sold a property in a foreign country (India) and have around $100K of capital gain. We will be wiring those funds to US. Taxes were paid there and will be paying taxes here in US after any foreign tax credit. So, all proceeds with clean records. Question is just the fact of wiring $100K from my own account in India to my account in a US bank - will it trigger any audits or alarms? I have all the paperwork but just want to be prepared.
Statistics: Posted by sampathk1 — Mon Jan 29, 2024 7:46 pm — Replies 4 — Views 381