Transferring money from Germany to USA
Hi,
I am planning to transfer money from Germany to the USA (~$50k). Mostly to take advantage of the good dollar/Euro exchange rate right now, since I am thinking about buying an apartment/house next year, and I want to exchange at the current rate.
The money is mostly coming out of my own savings in Germany, partially also my parents chipped something in. Now I am wondering whether I should be carefully somehow not to get taxed on it.
I should not have to pay taxes on it, since it is my own money anyway, and it's not from an inheritance or anything. Is this correct? Is there anything I should be careful about?
I am currently in the US on an E1 visa, green card application is currently being filed.
Thanks,
-- Sascha