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    pajaro99's Avatar
    pajaro99 Posts: 1, Reputation: 1
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    #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
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    #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.
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