Hi,
I'm planning to buy a property in India for myself. And for that, I need to wire more than $100k and the money will be sent to my indian account.
I understand that the bank is expected to report this transaction to IRS. Do, I need to do anything in this regard? FBAR comes into picture only if I send this money to someone else as it will fall under gift category. But, in my case I will be sending it to my account itself. Should I be aware of any other obligations?
