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Shall I report this to IRS? gift money from foreigners
I received $95000 from my parents ( they are foreigners, non -usa residense,non -usa citizen) into my joint account with my daughter.( my daughter and I are both USA citizen) , then I moved it to my soly owned bank account in the calender year 2022.
Shall I report that as gift to IRS?
I know the threshold is $100000, will this $95000 be too close to that threshold and it is better for me to report to avoid any trouble?
How about I say half of the money from my mother and half of the money from my father, then I should not worry to report it or not?
‎February 25, 2023
7:46 AM