Posted by: sojo_janta February 28, 2017
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@bhetghat: My inquiry is related to "from Nepal to US" not the opposite.
@meraj: Huge sum= money from property sale= above $500,000.
@kalidasbhaisab: Agreed with what you stated. Nepalese bank/economy cannot afford to remit such huge $$$$ amount to overseas. Not sure about Hundi process. Any amount greater than $10K gets reported to IRS and multiple deposits will certainly draw attention.
If any permanent resident (GC Holder) has sold property and remitted money to US- please share your experience(s) or what the laws say.
@meraj: Huge sum= money from property sale= above $500,000.
@kalidasbhaisab: Agreed with what you stated. Nepalese bank/economy cannot afford to remit such huge $$$$ amount to overseas. Not sure about Hundi process. Any amount greater than $10K gets reported to IRS and multiple deposits will certainly draw attention.
If any permanent resident (GC Holder) has sold property and remitted money to US- please share your experience(s) or what the laws say.