- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Lending Money To Parents Abroad
I (US citizen) wired $20k to lend to my parents (non US citizens) abroad. Do I need to file anything for this (any forms, FBARs)? Also at some point they will wire me back $20k to the US. How can I avoid tax implications for this?
‎November 16, 2022
9:13 AM