pk
Level 15
Level 15

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

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