shuyanwilliamson

I have just started putting together my package to apply for citizenship. Maybe because I printed out the forms, for some reason I just received an ad email from usimmigration.us with a link to purchase some dvd to guide you how to pass the test and interview: I am just wondering how did everyone study for the test. There are tons of book and dvds on amazon also. Recommendations?

Thank you guys this is very helpful!!

Do I need any kind of paper work when declaring more than 10K?

Transfers are not taxed. However, as a U.S. citizen, your INCOME on sources outside the U.S. IS taxed. There IS no 10K limitation per trip - you simply declare the amount in excess of $10K. We send money the other way - TO China. Your problem will lie in converting the money to US Dollars. Talk to your Chinese bank about what they can do for you.I think the limit is $50K RMB per person per year - i.e., you may have to line up a few family members to help. I also got the answer for 50K limit per person per year when asking Shanghai local banks. Do you know what's happening next after declaring carrying more than 10K when entering US? For instance, 500K?

Thank you so much for the link. I've read through the posts. It doesn't seem like becoming a US citizen will affect ownership on existing apartments. To my knowledge, at least in Shanghai, when making a sale, all you need is a Chinese local ID card and the certificate of property ownership (green book). Has anyone or their spouse has any expierence selling apartments in China while being a US citizen? Does it affect the sales and/or taxes any different than a regular sale? Also, what's the best also legal way to get that large sum of money to US? You can only bring less than 10k per person per trip. If do wire transfer, I'm sure IRS will be after that. How much do they tax? Anyone has any experience to share?

I have been a green card holder since 2009. Recently, I plan on starting my citizenship process. I currently own 2 apartments in Shanghai, China. I just want to make sure becoming a US citizen doesn't have any effect on my property in China. I can't seem to find a definate answer online. Anyone has any ideas? Also I will eventually sell those properties. Any restrictions on the sales after I become a US citizen? Thank you guys!