|
Lizzardo,
Be careful. And double check with your accountant. I read an article in the WSJ about a week ago, that all US citizens having overseas bank accounts with more than $10,000 at any point during a year must report the account and the source of income. It's not that they'll crucify you, but they will tax you. Any gain on real estate will be taxed, and if you deposit the money into an account and don't declare it, the penalties are brutal. I'm not an expert on this area, but I would seek professional advice in the US to be safe.
44
|