You're welcome and yes, you understand correctly!
The IRS will not tax your overseas home purchase - there is no federal property tax.
Just as there is no tax when you move money between your personal accounts inside the United States, there is no tax when you transfer the funds outside of the US.
As you correctly noted, there is a reporting requirement when you have a balance of $10,000 or more in a foreign bank account, but this does not create any tax liability.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
