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-   -   Moving Money from UK to US (https://britishexpats.com/forum/usa-57/moving-money-uk-us-501934/)

stubbsz Dec 27th 2007 8:03 pm

Moving Money from UK to US
 
Is there anything I need to worry about moving money from the UK to the US. I need some money for a project and I'm liquidating some accounts. I wondered if there were tax implications or any other problems I could encounter moving large sums of cash into my checking account.
-Adrian

Ray Dec 27th 2007 8:10 pm

Re: Moving Money from UK to US
 

Originally Posted by stubbsz (Post 5709883)
Is there anything I need to worry about moving money from the UK to the US. I need some money for a project and I'm liquidating some accounts. I wondered if there were tax implications or any other problems I could encounter moving large sums of cash into my checking account.
-Adrian

Whats your US status

stubbsz Dec 27th 2007 8:16 pm

Re: Moving Money from UK to US
 
Permanent Resident. Green Card.

-Adrian

Ray Dec 27th 2007 8:18 pm

Re: Moving Money from UK to US
 

Originally Posted by stubbsz (Post 5709922)
Permanent Resident. Green Card.

-Adrian

Well then technically you should declare it ...
on your taxes ..if tax has already been paid on it ..then fill in the extra forms ..and may God be with you

stubbsz Dec 27th 2007 8:25 pm

Re: Moving Money from UK to US
 
Oh heck, it's money from a endowment policy. Most of the money I got taxed on in the uk when I earned it from working. Some of it I guess is interest.... I guess I ask a tax guy how do deal with this.

Ray Dec 27th 2007 8:29 pm

Re: Moving Money from UK to US
 

Originally Posted by stubbsz (Post 5709952)
Oh heck, it's money from a endowment policy. Most of the money I got taxed on in the uk when I earned it from working. Some of it I guess is interest.... I guess I ask a tax guy how do deal with this.

Whoever does your taxes... its form 1116 or something like that ..

stubbsz Dec 27th 2007 8:30 pm

Re: Moving Money from UK to US
 
thanks for your help.

-Adrian


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