I am a NRI (US citizen)
A few years back I had given some money to my in-laws to buy a house. Now they would like to repay it.
How do I bring the money back to the US? Do they gift it to me? How do they transfer? Any tax implications? Any paperwork to fill?
Thanks for any responses?
A few years back I had given some money to my in-laws to buy a house. Now they would like to repay it.
How do I bring the money back to the US? Do they gift it to me? How do they transfer? Any tax implications? Any paperwork to fill?
Thanks for any responses?