*help* planning to buy land, how much I can send

[InSearch]

1 minute ago, Hitman said:

ee NRE, NRO lu bokka.. if you think keeping money with parents is Ok for you.. keep it with them. they get extra interest, if u keep in NRE u have to report in USA tax filing. NRO interest takkuva fees ekkuva...

Thanks brother.. dad daggara money unte I don't have any problem..

[MRI]

On 8/29/2018 at 11:19 AM, Spartan said:

open NRO account online, xfer money to it. assign ur dad as secondary account holder

he can withdraw it. 

anta time ledu ante, i dont think it will be a problem xferrring amount to ur dads account.

tax kattanavasaram ledu (techinically u might need to but pattinchukoru)

you will not need for immediate family members.. taxable only if the interest on the amount exceeds tax deductible.. i don't think you are looking to FD this money.. anyway, my suggestion is send money but also power of attorney so that he can buy on your name.. leka pothey registration kharchulu bokka taravata..

[Hitman]

16 minutes ago, InSearch said:

Thanks brother.. dad daggara money unte I don't have any problem..

But NRE, NRO open chesi pettuko..  eppudaina avasaram ravachu ...also if the balance less than 10K USD you dont have to report in your tax filing, so maintain minimum balance.