Asked by seller0101, San Jose, CA • Thu Dec 23, 2010
I am trying to borrow some money up to $110k to from a relative in China to help me buy a property in the USA. Do you know how can my relative transfer the money to my bank? Any document the government might require me to provide such as a borrowing receipt or prove source of fund? and any tax consequence or government regulation from China and the US?
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