What are the rules about transfering sales proceeds to the USA?

I plan to sell a property in India, and buy a property in USA.
The property is worh Rs. 2.5 crore. The Indian property has been with me since 1985.
I am now a Green Card holder in the US.
I have been away from India for the last five years.

Answer:
Speak to a tax attorney. No joke. You will have to file a return as a resident and could be hit by both Indian and US tax law. At least run it by a reputable CPA.

USA is fine with your bringing money in. It's how much remains yours that you will want to structure.

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