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Updated over 9 years ago,
sending cash overseas and keeping it until close
Hi,
I was planning to send some money to my Costa Rican parents to buy my share of a rental in Costa Rica. The money will be sitting in my parents' bank account until it is used for the closing (let's say a couple of weeks or a month). Are there any restrictions from the US government or IRS or anything I have to be aware of? It is not a gift to them, they will just hold the money until we close on the rental.
Thanks.