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Deductions & credits
I am a greencard holder, and would like to transfer personal funds from my German bank account to US bank account. It’s below $100k. Is personal funds considered taxable income? Or more considered a gift and is therefore non taxable? Also, is it best to transfer everything at once, or in weekly increments of less than $10k?
thanks for clarifying!
February 7, 2022
10:41 PM