Case No. IA-2012-299450-1

Date issued: Jan. 10 2013

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TURBOFAC Commentary (191 words)

Notes:

1) See "General Note on Remittances; Guidance Letters Concerning Personal Remittances (System Ed. Note)" for a summary of notable points common to the majority of the guidance letters dealing with the subject.

2) Read in conjunction with Case No. SY-2019-360387-1, discussing the relationship between the standard noncommercial remittance GL language and proceeds "derived" from the sale of real property. A U.S. person selling real property in Iran, or being directly involved in such sale, would ordinarily constitute the importation of Iranian origin services and therefore require a license (as of 2022 there is a general license for this, but there was no such license in 2013). Here, however, the fact that the property was "owned by [the U.S. person's] parents [] who [were] both Iranian citizens" apparently made it so the transfer of funds...