GC Parents want to sell overseas property and bring money to US

kuchchbhee

Registered Users (C)
Their property in India is worth around $150,000

If they sell, what is best option to bring this bulk money to the US? Would there be any TAX implications? Both my parents are retired with very little monthly pension. Would it make sense for them to purchase a property in the US to avoid any sales TAX?

I suspect i might need professional advice, but right now we are just looking at options.
 
Top