Based on your financial expertise, provide your response or viewpoint on the given financial question or topic. The response format is open.

Is transfer of long term investment proceeds from India considered taxable in the U.S.?
If you are a US resident (not necessarily citizen) then yes, you do have to pay capital gains taxes on any capital gains, including interest from assets oversees (like interest from a savings account). Additionally you have to report all your foreign bank accounts according to FATCA (https://www.irs.gov/businesses/corporations/foreign-account-tax-compliance-act-fatca).