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repatriating funds to the USA

Discussion in 'Money Matters' started by Shamala, Oct 2, 2006.

  1. Shamala

    Shamala New IL'ite

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    My husband own a house in India and it has been 2 years since he got it. Now,we are thinking of selling it. After selling, we would like to know how to bring the money back to into US. I hear people saying that we can bring up $10,000 in cash. Others are saying that we should have owned that property fpr10 year before we can bring in any money. We are lost. Any suggestions or guidence would help. Thanks in advance.
     
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  2. Hopefloats

    Hopefloats New IL'ite

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    hi Shamala

    There are specific NRE bank accounts, where the principaland interest are repatriable i.e. you can take it back to U.S. So consult your banker or auditor.

    good luck!

    hopefloats
     

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