About sulz

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Re: Wiring more than $100k to buy property in India in my name

@Carl@I’m confused. There is no gift involved here. I’m sending money from my US account to my Indian account for purchasing a property on my name.

sulz

2

Updated Dec 01, 2020
Re: Wiring more than $100k to buy property in India in my name

Thank You@Opus 17. I will wait to hear back from@pk

sulz

Updated Dec 01, 2020
Re: Wiring more than $100k to buy property in India in my name

Thank You@Opus 17for your response.This confirms my understanding as I have elaborated on the other reply.which is"FBAR would be my only additional responsibili...

sulz

2

Updated Dec 01, 2020
Re: Wiring more than $100k to buy property in India in my name

Thank You@pk.I'm an Indian citizen working in US. So will fall under resident status for tax filing based on the substantial presence test.1) Yes. I will be rep...

sulz

Updated Dec 01, 2020

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Date Registered	‎November 30, 2020 8:39 AM
Date Last Visited	‎April 6, 2025 1:32 PM
Total Messages Posted	7

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