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Investors & landlords
@v4r3l4 , assuming that you are a US person ( i.e. a Resident for Tax purposes ), there is absolutely no limitation on monies that you can send abroad or that you can exchange ( US$ to Yen or what ever). And no taxation on monies that have already been taxed by the US. However, any monies wired and more than US$10,000, would automatically be internally flagged by the bank and a SAR raised. But nothing happens to these. If I remember right , if you send a US$ 1 Million or more you need treasury approval. For us normal folks , there is no issue anywhere with transferring and/or exchanging currency ( unless you are currency trading, then you have to recognize the gains/losses).
Is there more I can do for you ?
k
‎October 19, 2022
10:32 AM