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

Mortgage loan and move money to US
Let me restate question for clarity. Facts: Question: Are there any taxes for this transaction? Answer: (Added improvements provided by Eric) Generally No. Generally, it is not considered income until you sell and the sale price is greater than the purchase price. But with currency differences, there is an additional complication, section 988 rules apply. It could result in ordinary income or loss.