whiteebony
Returning Member

Deductions & credits

Thank you @MarilynG1!

 

Just want to consider all options, what if we decide to wire the money instead, from a foreign bank account to my non joint US account (or possibly the US joint account with parents), then i suppose FBAR and gift tax will apply(if not joint account)?   We possibly might have to go that route since there is no physical branch where my parents are, only ATM.  Anyways, anything else besides wiring fees i need to be aware of?

 

And regarding the links i was asking about, parents are more concerned about taxing on money they bring in the US, I know their savings are not taxable but they are just very paranoid.