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My question is a bit more involved than just a simple tranfer of funds.
1. The funds in question originate from a foriegn sale of real property. The sale of the home was below market value and therefore no capital gain was realized. The problem is that there is little to no documentation of reciepts for the property sold to prove this other than market value according to similiar properties in the area. 2. The funds from this sale have been deposited into a foriegn bank account. How do I go about transfering this money into my savings account without having to claim it as income? This money has alreay been taxed when used to purchase the property but no documentation is availible? 3.Can this money be easily transferred into a domestic savings account without having to claim it as income? thx in advance. |
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