Legal Question in Real Estate Law in California
Cash from the Sale of Realestate
What is the best option for one who has sold a property in Dubai, $340K cash). Should it be wired directly to your bank account in the states? Put in a safety deposit box, put in CD's , or something else?hat about being taxed on the money as well.
2 Answers from Attorneys
Re: Cash from the Sale of Realestate
One can't answer this question without a lot more information. With $340k in cash you should be able to afford competent legal advice YOU PAY FOR.
Re: Cash from the Sale of Realestate
If you are a US national, then you owe income tax or capital gaims tax on the profit, if any (did you save all your Home Depot receipts?). The rest of your question is a request for investment advice, the answer depends on your investment goals and your tolerance for risk.
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