Wire Transfer Large Amount of Money to China

I am planning to wire transfer large amount of money ( > $100,000 ) from US to my parents in China. Any potential problems I may run into? Of course this is all hard earned money, so no money laundering here. My concern is: 1. Do I need to pay taxes on this money in US? 2. Does China allow this amount to be withdrawn from my parents account? Is there a limit on how much money I can transfer?

I am doing so to take advantage of potential appreciation of RMB and maybe buy a house in China.

所有跟帖: 

FBI and IRS will come knocking -naivelamb- 给 naivelamb 发送悄悄话 (104 bytes) () 10/28/2005 postreply 10:32:41

Nothing will happen, but ... -煤格- 给 煤格 发送悄悄话 煤格 的博客首页 (618 bytes) () 10/28/2005 postreply 13:45:23

去年转了15万回国买房子,很顺利。 -1266- 给 1266 发送悄悄话 (87 bytes) () 10/28/2005 postreply 19:48:07

if wire to parents, might -24242- 给 24242 发送悄悄话 (62 bytes) () 10/29/2005 postreply 16:17:06

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