Makuchaku
New Member

Tax implications for transferring my own tax paid savings from India to USA

Hi everyone,

 

I'm planning to transfer my own tax paid savings (>$100k) from India to USA via a forex transfer.

 

These savings (& source bank accounts) are well declared in my previous FBAR filing.

 

Will I own any income tax in USA on the money received via this forex transfer?

 

Thank you!