Ask Experts Questions for FREE Help !
Ask
    pajaro99's Avatar
    pajaro99 Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 22, 2011, 03:00 PM
    Is there a tax for money being transferred to US?
    I'm a non permanent resident in US with a work visa, I'm selling a property abroad and I'm planning to transfer this money via a wire transfer to my US bank account. Do I need to pay taxes as a result of this operation?
    taxesforaliens's Avatar
    taxesforaliens Posts: 649, Reputation: 117
    Senior Member
     
    #2

    Nov 26, 2011, 10:58 PM
    The transfer itself would not trigger any taxes, however, selling a property abroad needs to be reported on your tax return (unless you are a non-resident alien).
    You might have to file from 3520.

Not your question? Ask your question View similar questions

 

Question Tools Search this Question
Search this Question:

Advanced Search

Add your answer here.


Check out some similar questions!

US taxes on money transferred from Europe [ 1 Answers ]

Background information: I am a french citizen already working in NY almost for 2 years with a L1-A visa. Before coming to the US I have been working and living in Europe. I will be offered a permanent US contract and will be sponsored by my employer to get a green card. I am planning to buy an...

Foreign money transferred to an US account [ 1 Answers ]

Hi,If I were to receive 50,000.00 US dollars as gift from abroad a) do I need to declare the money in my US tax returns? b) will there be tax implications? I am an US citizen (naturalization). My father, who is not an US citizen, nor an US resident, and lives in Bulgaria, wants to help me and my...

Taxes on money transferred from a foreign country to USA [ 4 Answers ]

I am a student on F1 visa studying in Ohio. I am scheduled to get 25000$ wire transferred from a foreign country. Will this amount be taxable when it lands in USA?

Tax on money transferred into us [ 3 Answers ]

Im living in the USA and plan to receive a money transfer of over 100k from my parents overseas. Do I have to report transaction and will I owe taxes on money and if so how much,

Taxes on money transferred from abroad [ 2 Answers ]

My father, a US citizen, who has a dual citizenship and currently lives in Europe, is going to move back to the United States, and wants to wire all of his savings from the european bank account to the US bank account. The amount greatly exceeds $13,000. Does he have to pay any taxes on the money...


View more questions Search